Having Trouble With Michigan's Hardest-Hit Plan? 10-01-2010 - WNEM TV 5

Having Trouble With Michigan's Hardest-Hit Plan? 10-01-2010

A fund aimed at helping Michigan homeowners avoid foreclosures will get a $215.6 million boost to help unemployed and underwater homeowners.
Andrea Risotto, a U.S. Treasury Department spokeswoman, says the funding infusion is in addition to more than $282 million the state has received since February, bringing the total to nearly $500 million.
Michigan is considered one of the five states hardest hit by the housing crisis.
President Barack Obama announced the national $1.5 billion investment earlier this year for state's hit hardest by the mortgage crisis. Arizona, California, Florida and Nevada also have received money.
The Detroit Free Press reports 230 homeowners have received help so far, but more than 30,000 were expected to qualify.
Many are finding troubles with the program because larger lenders have not singed up.
WNEM TV5 wants to hear from you if you have had difficulties finalizing a loan modification with Michigan's Hardest-Hit Fund.
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