Many of our clients facing foreclosure in Illinois and Wisconsin speak only Spanish. So when I tell them that the Obama Mortgage Modification Program has been a great disappointment, it comes out “gran decepción”. And after explaining to my clients how disappointed I have been with the mortgage “modification” program, I couldn’t help thinking that [...]
January 2010
In his presidential campaign Obama promised to support judicial modification of home loans. This promise remained on his campaign website until he was inaugurated as president. When the new president’s Obama White House website went up, the promise of support for judicial modification of home loans went down and was nowhere to be found. The [...]
The other day I wrote a blog containing my thoughts on the recently enacted “Hope for Homeowners Act of 2008″. After giving the new law more thought and listening to some recent news clips, I decided to detail more problems with the legislation. This law has no teeth because of the voluntary participation aspect. That’s right, [...]
