Foreclosures Soar While Government Mortgage Bailout Stumbles
It has become a race to see whether the mortgage bailout program can be activated and applied effectively before the worsening economy forces hundreds of thousands of homeowners past the point of saving their homes. Few homeowners have been able to access the loan modification or refinance plan to date and many of those report no success until they hired a lawyer to handle the process. This is not how we were told the program was designed to work.
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