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Finding it harder to pay your mortgages? It’s getting a lot harder for you to keep up with the bills? The U.S. economy is in bad shape and in no way are you alone in this problem. Foreclosures keep increasing and are at a number high since years right now. Some people have even decided to go bankrupt in some cases instead of going through foreclosure.
Today people are going through a lot of hardships and it’s about time for us to rise up. Fortunately, our President Barack Obama has strict plans on how he’s going to get Americans out of this rut we seem to be in now.
There have been a lot of legislative changes under President Obama that has been put into place to help those in serious financial need with loans. It’s our job at Loan Modification Facts to help you get updated information on the bills and laws that’ll help you financially.
There are tons of articles that posted for you to read about bankruptcy laws and how their judges are actually looking to gain more authority in home owners’ first mortgages. This means that judges could actually cut a person’s mortgage down significantly if they wanted to.
It’s suppose to push lenders to make loan modifications instead of just losing their loan to foreclosure, bankruptcy, or just losing a great deal of money by having the loan significantly reduced.
Also, there are articles that will help you watch out for foreclosures by stating step-by-step procedures on how foreclosures work. These articles could teach you how and when to approach a lender and if you need to ask them for a loan modification making it better for you and the lender.
You can learn a lot about specific programs too like the Foreclosure Prevention Program that’ll help keep you from a foreclosed home. This is just one program that comes right along with the Homes Affordable Program that is said to help somewhere between seven to nine million homeowners and their family.
It’s our goal to help you overcome this economic struggle whether it’s by loan modification or through one of the new programs. Find out more information about these new changes so you can be better informed. Knowledge is the key to success. It’s time for the American people to succeed through this!