Many Americans won’t sleep well tonight. They will toss and turn, and try to figure out how they can save their homes. The mortgage is past due, and the bank is threatening foreclosure. How well will you sleep tonight?
Fortunately for these Americans, there is a program in place that allots $75 billion dollars to help save homes from foreclosure. To date, this program has helped to save over four million of the homes that would have other wise been foreclosed.
The program does more than help to catch the mortgage up. It also serves to restructure these mortgages, so that they are more affordable for the home owners, and there is less chance that the home will go into foreclosure in the future. Furthermore, as a part of this restructuring program, $1000 will be taken off of the amount you owe on your home each year for five years. Your payments will be restructured in such a way that they do not exceed 38% of your income.
The banks are highly motivated to work with you in the restructure of your mortgage as well. They are paid $1000 for every mortgage that they restructure under this program.
For More Information:http://www.floridalawattorney.com