"When all else fails, the Treasury Department is now willing to cough up cash to get homeowners to move on and to get loan servicers to forgive mortgage debt.
The new initiatives are part of the government's Making Home Affordable program.
Under the original program, unveiled earlier this year, homeowners could be eligible for loan adjustments or refinancings if they meet several criteria: the home must be their primary residence, for example, and the mortgage balance must be no more than $729,750."
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Treasury is giving cash-for-keys
Sunday, May 17, 2009
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