David Price's Page

The Obama administration announced yesterday that homeowners owing up to 125% of their home's cost would be eligible for their Making Home Affordable mortgage modification program, up from 105%:http://www.makinghomeaffordable.gov/pr_07012009.htmlHas this program been effective in your area? Do you think the change will mean significantly more homeowners will get help?See More

A new law went into effect today in California:http://www.sacbee.com/business/story/1943201.htmlLoan servicers that do not have comprehensive loan modification programs in place will now face a 90-day foreclosure moratorium in that state. Does anyone know of similar laws on the state or local level? Were these laws able to encourage servicers to create a modification program?The full text of the new law is available here:…See More