How can the economy grow if consumers are tapped out?
The stalled pace of the government’s effort to head off home foreclosures has left families looking for other ways to save their homes. There are people out there who can help. But you have to pick very carefully. Can an attorney actually get you a loan modification if the system is stalled like it appears to be? If so, how do you find a reliable one? — Kathleen H.. Corona, Calif. None of the government’s efforts to help Americans save their homes has put any legal pressure whatsoever on lenders and their representatives to offer more affordable terms to homeowners stuck in bad mortgages. With mortgage rates at historic lows, millions of homeowners could get substantial relief if they were just given a new loan at current market rates. But most lenders and investors holding mortgages aren’t going along with that solution. And despite recent claims by the Treasury, which last week announced its Making Home Affordable program has helped 500,000 homeowners, the government’s foreclosure re
