Foreclosures are overwhelming the Government and Loan Modification Counselors. This year lender s have modified more than 235,000 mortgages under the new Obama program, but in the mean time there has been 1.8 million foreclosures in 2009.

There has been a lot of criticism with the Obama housing program, which is understanding considering the circumstances. And although it is slow moving it is still better than the program we had a year ago. Which program you may ask… that is exactly my point.

This entry was posted on Wednesday, August 5th, 2009 at 6:23 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.