The national unemployment rate rose to 8.1 percent as employers cut an additional 651,000 jobs in February. This is the highest unemployment rate that this nation has seen since late 1983. There have been almost 2 million jobs lost in the last three months alone.

The figures were far worse than analysts had expected and unfortunately there doesn’t seem to be any upside coming in the next several months. So how is the high unemployment rate going to affect real estate?

Previously [...]

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So the Obama administration is doing everything in its power to try and save your home. Really? They launched the “Making Home Affordable” or “Home Affordable Modification “initiative today and if you have nothing better to do, you can read the 17 pages of Government speak at:

http://www.treas.gov/press/releases/reports/modification_program_guidelines.pdf

For those of you looking for some of the high-level highlights so you can move on with your day, here they are:

Eligibility Requirements

Origination Date of Loan Subject to Modification:
The mortgage to be [...]

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