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This has been a busy week in terms of news related to foreclosure relief for homeowners. Following on the heels of Bank of America and JPMorgan Chase, Citigroup's CitiMortgage division and government held Freddie Mac and Fannie Mae have all announced programs aimed at helping homeowners avoid foreclosure and stay in their homes. What follows is a summary of the programs offered by each. If you are a homeowner who is struggling to make ends meet and have a mortgage originated and owned by the below banks, it is crucial that you take advantage of the assistance being offered. The banks do not want to own your home any more than you want to lose it and are putting considerable resources into coming up with solutions that work in both parties' best interest. |
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Foreclosure News