The economic recession began its ugly reign and in 2008 it bore down on the housing market forcing it to begin flailing greatly. To combat the decline, the then Bush Administration created a government funded loan modification program. The program failed and needled to say, American homeowners were outraged and left to fight the mortgage companies for assistance.
2008 was an election year (hooray!) and the new President Obama made a move that would truly help the homeowners keep their property. His administration wrote up the Home Affordable program. Continue reading ‘Homeowners Rejoice! – The Government Loan Modification Program’ »