These days if you aren't hearing about foreclosure and home loan modifications, then you aren't listening. According to RealtyTrac there were 343,638 foreclosures filed against properties in September 2009, a 4 percent decrease from August but an increase of 29 percent increase from September 2008. September was the third highest monthly total since the RealtyTrac report began in January 2005, behind only July and August of 2009.
It can be safely said at this point that things aren't looking that great. Enter President Obama's Home Affordable Plan: HAMP (Home Affordable Modification Program) is a $75 billion initiative intended to help people afford their mortgages and stay in their homes. One program it funds is a My Homeowner's
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