Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions

Loan Modification

Loan Modifications at Steady Pace

Since the beginning of the US Federal program to improve home loans into more affordable products for borrowers, about 12 percent of eligible borrowers have taken up the opportunity.

Since March over 360,000 borrowers had received three month trial loan modifications through to August.  If borrowers keep up their payments during the trial period then lenders are to extend the modifications for up to five years.

While the take up of the Federal assistance to borrowers with stressed mortgages has been slow, borrowers should take advantage of this opportunity while they can to ensure that they do not end up in a foreclosure situation.

Related Posts

Quick Links

Auto Auctions

Government Auctions

Cheap Cars For Sell


Vehicle Auctions

Car Loans

Useful Links

Join Today!

Find Your Car



Contact Us


Copyright Information


Car Advice

Used Cars Blog

Trucks Blog

Foreclosures Blog

General Tips

Available Makes & Models: