We hear all the talk about what government is doing to help the housing market and assist homeowners from facing foreclosure but we really haven't seen much of an impact out in the real world. I keep hearing about all these great programs but how do you take advantage of them and who do you talk to and get answers?

The Obama administration just implemented the Making Home Affordable program offering options for homeowners that have Fannie Mae or Freddie Mac owned loans that are having trouble making their mortgage payments. This program is designed to help you qualify for a mortgage refinance or loan modification to reduce your mortgage payments to avoid foreclosure. This is a brand new program and so far it is making great strides helping over 120,000 home owners so far.

The Making Home Affordable is geared towards people that are still current on their payments and are credit worthy but have gone through a hardship or loss of income and struggling to make ends meet.

In the past it seemed that the banks would only talk to you in you were behind on your payments. In essence, it hurt the responsible people that were doing what they could to make their mortgage payment but the system seemed to benefit the people that simply gave up and stopped making payments. It almost seemed that you had to stop making payments to get the banks attention.

Click here to see if you are eligible? I will have more information to follow. Check back for more updates on the Making Home Affordable program.

It's a good life,

Ian Anderson