Home Affordable Mortgage Program Reports Over 500,000 Trial Loan Mods in Progress

The Obama Administration released it’s latest progress report on the Making Home Affordable Program – citing that more than 500,000 trial loan modifications are in progress.

Press Release – October 8, 2009 (Making Home Affordable website)

Today, almost one month ahead of a November 1 benchmark set earlier this year, the U.S. Department of the Treasury and U.S. Department of Housing and Urban Development (HUD) announced a new milestone of more than 500,000 trial loan modifications in progress under the Making Home Affordable program.

Loan Modification may be an alternative for some homeowners.  The Making Home Affordable website is packed with information and resources:

Borrowers Frequently Asked Questions

Payment Reduction Estimator

Modification Evaluator

Are you a Las Vegas Homeowner facing a possible foreclosure or considering a short sale?

Related posts:

1. Loan Modification Success Stories in Las Vegas – Are You Eligible?
2. HAFA Series Part 1 – What is the Home Affordable Foreclosure Alternatives Program?
3. HAFA Series Part 4 – What else should I know about Home Affordable Foreclosure Alternatives?