When will the mortgage foreclosure program become available the public.?

Asked by Darryl, 94520 Thu Feb 19, 2009

When will the mortgage foreloure program become available to the people that need it and where should they start the process to refinance or restructure they mortgages.

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Dave Sutton, Agent, Portland, OR
Thu Feb 19, 2009
A pure guess - it will take 2-3 months for all the implementing rules to be in place and actually ready to take specific action for homeowners here.

One caution. The modification only applies to mortgages of less than $417,000, which is the old FHA cap and does not cover very many mortgages made in California
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