Las Vegas and Henderson Homes and Real Estate

A recent article by Ronald D. Orol of MarketWatch states that the Obama administration has announced (Friday) that it would make major adjustments to the $75 billion mortgage-modification program, that was designed to assist unemployed and other troubled homeowners who need to modify or refinance their homes in order to keep their houses.

The National Economic Deputy Director, Diana Farrell stated that the changes will "deal with people who we believe are in homes where foreclosures are preventable".

Ronald states in his article: 

"The program modifications seek to transform a year-old modification program that has been having only limited success, by providing additional flexibility for mortgage servicers and originators to offer assistance to a greater number of unemployed homeowners.

In addition, the program would help more people who owe more on their mortgages than what their homes are worth -- a problem all too common in those local markets that saw large-scale declines in home values. Many people who signed to buy homes at the peak of the housing boom and who are current on their payments find they can't refinance since their homes are under water."

To read this article, please visit:  MarketWatch.com

If you are interested in Las Vegas real estate, Henderson real estate, or Summerlin real estate, contact

Michelle Natale
The Natale Team
Prudential Americana Group

www.natalesellsvegas.com