Thursday, May 13, 2010

Relief For Unemployed

The Treasury Department is coming out with guidelines for its previously announced program for unemployed homeowners. Basically, the program, scheduled to take effect on June 1, 2010, will require at least three months forebearance on making mortgage payments for anyone unemployed. Exceptions to this coverage will be for those whose loans are from GSE's. Call your lender if you are unemployed and having troubles making payments.

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