Loan Foreberance for the Unemployed?

Posted at 3:11 AM, Jul. 27, 2009

A recent article from Realtor Magazine has indicated that the loan modification program has had it's share of hiccups mostly due to declining home values and unemployment on the rise which has many lenders not willing to play along.

So, in light of the current conditions, President Obama is considering a new plan that will allow the unemployed to postpone payments for a time that will allow them to gain ground and without having further effects on the housing market.

No plan is perfect and it seems we are continually molding the model in order to find the relief our nation needs to rebound.