Programs for financially troubled homeowners have limited success

Programs for financially troubled homeowners have limited success

When President Obama announced his first foreclosure-prevention initiative in February 2009, he promised $75 billion to help up to 4 million homeowners modify their mortgages to more affordable payments.

More than two years later, less than $3 billion has been spent and fewer than a million homeowners have received permanent loan modifications.

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Are you struggling? Now is the time to act! Check out our Avoiding Foreclosure section for helpful information on your options to get started.