The February 2011 Housing Scorecard published by HUD & US Treasury tells the story. The Obama Administration’s numbers reveal little help is being provided by the much ballyhooed Making Home Affordable federal programs currently in operation to assist distressed homeowners. Pages of charts and statistics dress it up. But the truth is of the over 10 million underwater home loans, only 1 in 17 homeowners have found help through HAMP permanent mortgage modifications.
What about those remaining homeowners not helped by HAMP? Or looking at it statistically, those 16 in 17 that Making Home Affordable didn’t help? That’s where Realtors come into the picture. Keep working hard to make those short sales happen. America’s homeowners need your dedicated service to forestall the avalanche of foreclosures. Thank you for your service.
Cordially,
Craig Roberts, CLTP
PA First Settlement Services
