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Together, the revisions are designed to spur the Home Affordable Modification Program to reach its target of helping 3 million to 4 million homeowners avoid foreclosure through 2012.
While the changes are significant to a year-old program that so far has helped just 170,000 homeowners receive permanently lowered mortgage payments, administration officials stressed they would only make a dent in the projected 10 million to 20 million foreclosures expected in the next three years.
"It's really important to recognize we're not going to stop every foreclosure. It wouldn't be fair, it would be too expensive and we probably wouldn't succeed in any case because many people got into homes that they simply cannot afford," said Diana Farrell, deputy director of the White House's National Economic Council.
Many analysts have said reducing principal on underwater mortgages is the key to helping borrowers stay in their homes. The administration's program, and other government efforts before it, have tried to do that with little success. The permanently modified mortgages, and about 1 million ongoing three-month trial modifications that could become permanent, have reduced monthly payments by extending the terms of the loan.
30Villa Camino Calidad
TO RESERVE THIS PALM SPRINGS BEAUTY CALL YEHUDAH AT (858) 967-9005 OR EMAIL : vrandreal@gmail.comPLEASE reference PROPERTY NUMBER in email. THANK YOU!*Rates based on minimum night stay.
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Private Chef Services (upon request),
Optional Daily Housekeeping Service Available
Internet access
Cable TV
4 bedroom suites
Fireplace in den and Master bedroom
Office/Game Room
2 King Beds, 2 Queen Beds
Luxurious Robes and Towels
Salt water pool and jacuzzi with remote controls
Full service indoor kitchen
Outdoor kitchen area
Breathtaking Close up views of the San Jacinto Mountains and elevated views of the city
You won't realize how close you are to the Downtown Palm Springs Center(Just a few blocks!)
Zip / Postal code : 92264
Area description
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Close to public golf courses and tennis courts. Hiking and horse trail starts a few steps away at
the foot of the San Jacinto Mountains. New pebble tech pool with small pool size jacuzzi. bathe and
swim in privacy while beholding amazing close up mountain views. Air Cable Car Tram tours just 5
minute drive away. Two blocks to Center of Downtown where you have all entertainment, restaurants,
cafes, theatres, festivals, museums, antique shops, historic sites, spa and casino, etc.
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King Size : 2
Queen Size : 2
Activities
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Biking : < 5 minute(s)
Birdwatching : on site
Fine Dining : < 5 minute(s)
Golf : < 5 minute(s)
Hiking : on site
Horse Riding : < 5 minute(s)
Museums : < 5 minute(s)
Shopping : < 5 minute(s)
Swimming : on site
Villa Camino Calidad
Deserts /
Palm Springs /
� 2009 VRHME
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