Apparently the new Hope Now Alliance, which launched in October as a program to offer assistance to distressed homeowners, isn't offering so much hope after all. The toll-free number established for homeowners in trouble has received harsh criticism from Congress, state officials, and the very people they are aimed at helping- those facing foreclosure.The Hope Now Alliance ws established to offer aide to the growing number of homeowners who are at risk of losing their homes. The partnership was promoted by President Bush, who mentioned it specifically in a December speech as part of his vow to take an active role in resolving the nation's housing crisis. The programe, however, has been receiving very negative feedback, plagued by insanely long wait times, difficuly getting through to a counselor, lack of follow-up on individual cases, confusion, and making minor loan modifications for those in trouble.
You can click here to read the article and hear some first-hand accounts. If you are one of those homeowners in crisis, please feel free to contact me so that I personally may put you in touch with someone who can help.
source: msnbc.com
5 comments:
My friends have been telling me the same thing and it is so disappointing since people had their hopes up. It's nice that Connie is willing to try and help.
John Samson
Los Angeles, CA
The whole thing is so confusing and changing almost daily. It is scary. I still see that real estate, if you can afford to buy and hold, is the best investment. Good luck Connie- this year should be especially challenging! Because I am a home owner in California, I want realtors to sell and sell at high prices!!!
Tabitha Jones
Laguna Nigel, CA
I can't stand Bush! Get out and this economy can get back on track!
An American
It's going to take time to get out of this mess as it took time to create. Good luck to us all!
John Tammilo
Denver, Colorado
I just got into a new house last year. I am okay with my payments but prices have come down a bit. In the longrun I will be okay and that's what people should focus in on. Those that are now in trouble are in a hard place and I don't think that there is much anyone can do to immediately save people. Everyone must be personally responsible for saving themselves.
Tim Robbins
Los Angeles, CA
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