One of the Possible Foreclosures in Santa Cruz? All is Not Lost!
Posted by Lauren Spencer on
Thanks to President Obama’s ambitious plan to improve the housing market, being on the list of foreclosures in Santa Cruz doesn’t necessarily mean that foreclosure is inevitable. You have options, and the President’s loan modification program makes keeping your home even more possible.
Overview of the Plan
The President’s plan to reduce foreclosures in Santa Cruz is based on the thought that struggling homeowners wouldn’t sell their houses if they could only make the monthly payments. Due to this belief, participating lenders are required to reduce monthly payments for homeowners who qualify until they’re no more than 38% of the homeowner’s monthly gross income. After that, the government lends a helping hand. Between the lender and the…
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