Frustrated with delays on mortgage modifications, refinancing and short sales? Think that banks are unresponsive? You are not alone. Treasury Secretary (and noted tax dodger) Timothy F. Geithner is pressuring the country’s largest banks to speed implementation of the federal foreclosure prevention program known as Making Home Affordable.
Many Tampa homeowners have applied for mortgage modifications from Bank of America, J.P. Morgan Chase, Wells Fargo and 21 other lender who have signed up for the program which pays lenders to modify mortgages by reducing interest rates or extending the term of the loans. Follow the link for the juicy details http://tinyurl.com/lbdn8t. For information about short sales, foreclosures and modificatons, contact Team Bohannon at Coldwell Banker today.
