Of the 1.3 million homeowners that enrolled in the Obama administration's mortgage-relief program, nearlt half of them have dropped out.
The program was designed to assist those owners who were at risk for foreclosure by lowering their monthly mortgage payments. In a report last Friday by the Treasury Department, they indicate that the $75 billion designated to help slow the pace of foreclosures is failing. Approximately 32% of those homeowners that started the program have received permanent loan modifications and are making their payments on time.
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Nearly 50% leave Obama mortgage-aid program
Natalie Flaming
Realtor - Broker Associate
The VIP Team
Metro First Realty
For everything Real Estate....
www.TheVIPofOKC.com
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