The agreement recently reached by federal regulators and mortgage lenders, which may freeze interest rates for up to five years on some adjustable rate mortgages, was created to help some homeowners avoid foreclosure.
For Las Vegas homeowners, as well as any homeowner who has missed one or more payments on their home, which may not allow them to qualify for the program, there may be other options available to help avoid foreclosure.
Repayment plans and loan modifications are just two of the options that may be available to you. For more information on these programs, contact your mortgage provider.
Date: 2008-01-08 23:12:29