Lots of people out there need to Short Sale Agents. Are you ready to help them?
From CNNMoney.com:
Obama home rescue: 650,000 get help
Latest report shows that 20% of eligible borrowers have gotten trial modifications under administration's $75 billion mortgage relief plan.
NEW YORK (CNNMoney.com) -- Some 650,000 troubled borrowers have been put into trial loan modifications under the president's foreclosure rescue plan, the Treasury Department said Tuesday.
That number represents 20% of eligible homeowners at least 60 days behind in their payments, according to the Treasury report. This is up from 16% a month earlier.
Despite the progress, housing counselors say the number of people falling into foreclosure vastly exceeds the ranks getting assistance. The number of filings hit a record high of 937,840 in the third quarter, according to RealtyTrac, an online marketer of foreclosed homes. That's a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
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