Weitz Law Firm - 520 Kirkland Way, Ste 103 - Kirkland, WA - (425) 889-9300

Tuesday, October 18, 2011

New Government Mortgage Modification Plan

A great interview with Beau Biden (the Attorney General of Delaware)

Visit msnbc.com for breaking news, world news, and news about the economy

Here is the new Mortgage Plan Facts:1) its speculative right now; and 2) it applies to less than 20% of loans as 80%+ are owned by Fannie Mae and Freddie Mac

* Mr Biden has some other great facts regarding the current mortgage mess including some tough questions about Fannie and Freddie.

Why are Fannie and Freddie not doing more?
- they are 'owned' by the government as a Government Sponsored Entities (GSEs)
- thus, we the taxpayers have control over our mortgages - why are Fannie and Freddie not doing more to prevent foreclosure?...your guess is as good as mine.

Weitz - as usual, the 'government plan' falls dreadfully close and is misleading at best as most mortgages are even going to be considered

For more information on your rights in Short Sale or Foreclosure, consider contacting a Seattle Short Short Attorney or a Seattle Foreclosure Attorney.

Our Firm:

Weitz Law Firm, PLLC
520 Kirkland Way, Ste 103
Kirkland, WA 98033

425 889-9300

1 comment:

  1. A mortgage loan modification is a change in an existing mortgage loan to make it more affordable to a homeowner at risk of foreclosure. Loan modifications usually result in lower monthly mortgage payments.

    what is a loan modification california