For the first time, more than 10,000 homeowners in Colorado are enrolled in the permanent part of the Obama Administration’s key program for keeping people out of foreclosure.
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For the first time, more than 10,000 homeowners in Colorado are enrolled in the permanent part of the Obama Administration’s key program for keeping people out of foreclosure. “We will surpass 10,000 in October,” Shannon [...] “I have always said there is no silver bullet,” Zachary Urban. [...] “Data shows improvements in home prices, which have increased three months in a row, and a reduction in foreclosure starts and completions, which have been trending downward since fall 2010,” HUD Assistant Secretary Raphael Bostic. [...] “I would have the government step aside and let private banks modify loans on their own, if the determine the person could keep their house,” Ron [...] Mortgage modification programs will be ineffective in dealing with a “shadow market” of foreclosed homes that will darken the housing picture in the coming months, argues Ron Woodcock of RE/MAX [...] Some 242 Colorado homeowners likely avoided foreclosure in [...] “Helping 400 people keep their homes is incredible,” Shannon [...] “It is not an interest rate problem, it is an income problem,” Shannon [...] “If in the next few months, people in Colorado started to get back on their feet financially, it would be a shame if a program like HAMP was not around to help them,” Shannon [...] |
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