New Mortgage Plan to Focus on Lowering Payments - washingtonpost.com

"When President Obama announces his $50 billion foreclosure prevention program in Arizona today, it will represent one of the most ambitious efforts yet to turn around the worst housing crisis in decades."

New Mortgage Plan to Focus on Lowering Payments - washingtonpost.com

Recordnet.com: Strategy key to getting good loan modification

Although most home owners would do almost anything to keep their home, keeping it might not be practical over the long run. It's hard to step away and be totally objective when the object you are losing is part of your American dream. But a loan modification in some cases is only putting off the inevitable.

Having a firm understanding of what a loan modification means, not only for now but for the future, still remains unclear to many home owners. It has not been adequately defined by the banks that own the mortgages nor by the government which is pushing for their acceptance. Without that definition it can't be adequately explained to home owners facing a hardship www.

Getting educated about loan modifications is critical to successfully using them to one's best advantage.

As described it the article that follows, getting educated and taking a strategic approach to loan modifications should be done by any home owner facing the possibility of foreclosure.

Recordnet.com: Strategy key to getting good loan modification

Tough workouts - Sue Wright - Las Vegas Nev

Here's an interesting situation. A home owner was told to miss a couple of payments before the bank would do a loan modification. So they did and the bank in fact modified the loan, temporarily. But don't worry the home owners were told that the modification would be made permanent after three months.... NOT! What happens next clearly makes no sense to anyone with half a brain.

Tough workouts - Sue Wright - Las Vegas Nev. (1) - CNNMoney.com

Sharks circle troubled homes | PressDemocrat.com | The Press Democrat | Santa Rosa, CA

"They leaflet endangered neighborhoods and plant signs at shopping centers. Increasingly they're pitching on TV. Desperate for a loan modification, they ask? Call now."

Sharks circle troubled homes | PressDemocrat.com | The Press Democrat | Santa Rosa, CA

Introduction - Four Steps to Ending the Foreclosure Crisis - TIME

Insightful information about how the housing crisis can "in theory" be halted. Many elements of these options are hard to hear but carry some validity. Banks,like any business, are in business to make a profit. Loan Modifications must be weighed against the foreclosure option as it relates to how it benefits all home owners in the long run.

Introduction - Four Steps to Ending the Foreclosure Crisis - TIME

Foreclosure fix elusive for Obama - Feb. 7, 2009

"This much we know -- the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis."

Foreclosure fix elusive for Obama - Feb. 7, 2009