My sister called this morning, "MPR is doing a show right now about about foreclosure and what programs are out there for homeowners. You need to call in and tell them the truth!"
So I did. Here's the truth.
There are NO PROGRAMS for homeowners in foreclosure.
Anybody who tells you that is just blowing the proverbial smoke up you-know-where. All that exists are refinance opportunities, which you only qualify for if you 1. Aren't currently in foreclosure or bankruptcy, 2. Have proof of steady adequate income and 3. Are current on your mortgage. In other words, you qualify for refinance if you aren't currently in any financial trouble.
Believe me on this one. I've done my homework. I've called them all.
Yes, the Obama plan may help but it's currently in committee and won't become law anytime soon - I know because I have been in constant contact with my Senator's office. The only thing anyone can do right now is to consistently pester their reps into hurrying this plan along. But for us and millions of others who had a mortgage they COULD afford until they lost jobs, it will probably be too late.
How did they answer me? By basically agreeing that yes, I was in foreclosure, and perhaps I should call one of the housing programs (see above). It's a wonder how some yahoos STAY employed.