Hope(less) for Homeowners.....

Everyday, for months we got calls asking about the Hope for Homeowners program. And unfortunately, our response was always the same, "We cant help you". The program relied on the lenders to take a "haircut"....a haircut they were not willing to take. So none of them participated. Supposedly that's going to change but CNN was quick to point out that the HFH program only helped exactly 1 person so far. This is really crazy!

http://money.cnn.com/2009/05/20/real_estate/new_hope_for_homeowners/index.htm?section=money_realestate

http://money.cnn.com/2009/03/25/real_estate/new_hope_plan/index.htm?postversion=2009032512