Presented by Ricardo, Wasylik, & Kaniuk, PL

foreclosure relief

Here’s something most of you already know: federal government programs designed to help homeowners stave off foreclosure just aren’t working. A Congressional Oversight Panel investigating foreclosure relief programs found that the programs are almost universally disappointing: Only 1 in 6 homeowners in foreclosure crisis have been helped. Only one million families will lower their payments [...]

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Want to know more? Contact us at Ricardo, Wasylik, & Kaniuk, PL.

President Bush this morning signed into law new federal legislation aimed at addressing the nation’s current foreclosure crisis. Some of the provisions of this new law, which takes effect October 1, 2008, may offer relief to certain homeowners in foreclosure. Here’s how. FHA-backed Refinancing The Federal Housing Authority now has the ability to insure up [...]

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Want to know more? Contact us at Ricardo, Wasylik, & Kaniuk, PL.