Help Line For Homeowners Crashes

home sales money foreclosure1 Help Line For Homeowners CrashesIt’s another sign of the times in Michigan. Tuesday morning a new “help line” for Michigan homeowners facing foreclosure crashed on its very first day in operation.  By 10 a.m. Monday, the state had already received 30,000 calls. Later in the day, the entire phone system crashed.

The Michigan Hardest Hit program is intended to help about 17,000 unemployed or struggling borrowers keep their homes. But, because the program is not mandatory for lenders, the state is still waiting to hear from large mortgage providers such as Bank of America and Citibank.

Instead of calling the line directly, struggling homeowners are asked to contact their lenders directly to see if they qualify for the program.

Get more on this story at this link.

Copyright 2010, WWJ. All Rights Reserved


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