WRITE YOUR CONGRESSMAN/SENATOR

Have you heard this song before? Among the best forms of assistance in possibly saving your home, or at least reducing the damage to your personal credit standing over time is the loan modification. It helps you by getting you and your lender together on a modification of the terms of your mortgage--ideally to something you can better afford than what you presently have. Some of this has been done with Federal government backing. Admittedly, it hasn't worked as well overall as had been hoped, and there have been definite issues under it, but IT HAS HELPED SOME PEOPLE LIKE YOURSELVES! And something is always better than nothing! Well, the newly anointed chairman of the House Financial Services Committee has now decided to hold hearings on eliminating four programs that are central to loan mods. He feels that they are "failed and ineffective....programs". Collecting his salary and benefits from your tax money, however, is not a failed and ineffective program.
While it is true that holding hearings is the first step to changing or ending a government program and doesn't guarantee that what is sought will actually occur, the fact that the suggestion is even on the table is very scary! If you are considering a loan mod, or if you find yourself in need of possible help with your mortgage, don't waste any time! CALL, WRITE, OR EMAIL YOUR CONGRESSIONAL REPS IMMEDIATELY AND TELL THEM TO OPPOSE THIS PLAN! The home you save may be your own! (And you can take that to the bank!)