For those who qualify, lenders have to agree to rework their loans. The bill requires lenders to make major concessions including writing down the value of the loan balance and lowering the mortgage payment by reducing and fixing the interest rate.
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President Obama
has signed the Housing Rescue Bill, a sweeping housing bill that aims to help struggling home owners. The Senate voted 72-13 in favor of the bill after the House passed it three days earlier.
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The Housing Rescue Bill
is intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so.
    more...
The number of homeowners
who could lose their homes to foreclosure by the end of 2009 is estimated by some
to be around 2.8 million.
    more...
 

The mission of American Mortgage Relief Services is to ensure nationwide mortgage disaster relief through education, loss mitigation, loan modification and homeowner representation to provide the American people with immediate and dramatic relief from the current mortgage crisis.

American Mortgage Relief Services is to ensure nationwide mortgage disaster relief through education, loss mitigation, loan modification and homeowner representation

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