Last month President Obama launched the so-called homeowner bailoutâa $75 billion plan that he said will help an estimated 9 million American borrowers modify or refinance their mortgages.
Rather than take his word for it, in the coming months, weâre going to be tracking just how successful the plan is. In particular, weâll be following several borrowers who are looking for relief.
That means we need your help. If you are applying for a loan modification through the governmentâs plan, we want your story. Also feel free to forward this request on to family, friends and neighbors.
Typically, those applying are struggling to keep up with payments or are already in foreclosure. If youâre unsure whether youâre going to apply, here is Obamaâs eligibility quiz to help. One warning: Just because you qualify, doesnât mean your lender or loan servicer is participating. So far, six have signed up. Weâll update you as additional servicers join.
Sign up below and weâll be in touch with you.
