Posts Tagged ‘federal housing administration’

Too Little, Too Late: Latest Government Housing Help Misses the Mark

April 8, 2010

foreclosuresPhoenix homes are rapidly going into foreclosure these days. Once again, the government has taken it upon itself to “remedy” this situation. This time, they are offering loans through the Federal Housing Administration that alleges to help those who owe more on their mortgage than their properties are worth. Some feel that this is a huge risk for our government, especially since they aren’t exactly known to have been frugal with our tax dollars.

There’s a catch, though. Borrowers must not be behind on their mortgage payments. The problem with this is that most who are not behind on their payments probably neither need nor want the government’s help. While no one is happy about being upside down on his or her mortgage, that’s just par for the course–it happens sometimes in this economy.

This program would likely only appeal to those who are behind and are in trouble. Unfortunately, this program won’t help them. In addition, this program should have been unveiled years ago, when the problems first began. These days, so many people are so far gone in their mortgages that a program designed to help only those who are caught up on payments won’t be of much help.

If you’re looking for some help in selling your home, perhaps because this new program won’t be of any help to you, call Curtis Johnson today! Curtis and his team will gladly help you get out from being underwater and get back on track. Curtis Johnson’s team specializes in helping buyers and sellers in the Phoenix area, and the team will gladly assist you today!

Go to www.curtisjohnson.com or call 1-888-Curtis – J

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