Obama Foreclosure Bailout – Loan Modifications
June 3, 2010
Our Government is Behind You, so Don’t Let the Banks Push You Around!
• Are you facing foreclosure?
• Have you fallen behind on your mortgage payments?
• Is your home worth less than what you owe?
• Have you suffered a hardship that is making it difficult to stay in your home?
Obama is urging lenders to modify mortgage loans according to his new foreclosure bailout plan. Based on certain borrower criteria, lenders are able to make adjustments to the terms of your mortgage loan which could…
• Reduce your monthly mortgage payment.
• Reduce your current interest rate.
• Extend the length of your loan.
• Stop foreclosure proceedings.
• Eliminate late fees.
• Reduce your principal balance



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