Obamas loan modification plan – Who Qualifies for the loan modification program
|Who exactly will qualify for Obamas loan modification plan?The $75 dollars that is being used to help homeowners requires people of specific criteria to qualify for help. Here is some more information for those who are interested in applying for this loan modification plan.
Obamas new loan modification program has a goal to help an estimated 7-9 million people in the USA. These people will need to provide certain documentation that will be reviewed and check through by lenders (voluntary people given financial incentives to participate).
Most banks are included in this program due to the incentives the Government are offering to the lenders and servicers even though the program is voluntary.