are there any government sponsored programs to avoid property foreclosures?
Public Comments
- Yes, but only for the banks. They offer the banks incentives to modify your mortgage to a point. However, if you simply bought more house than you can reasonably afford, these programs are not meant to benefit you. Someone making $50,000 will not be entitled to stay in their $500,000 house that they financed with a "liar loan". Ask your specific lender for details
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