Assist-2-Sell Optimistic About New Homeowner Relief Program
Assist-2-Sell, the leading full-service discount real estate company, is encouraged by this week’s announcement that six of the nation’s largest mortgage lenders will reach out to homeowners most at risk of losing their homes through a new plan known as “Project Lifeline.” The Company is also pleased to see such strong support for the plan come from the White House, the U.S. Treasury and the Department of Housing and Urban Development.
Project Lifeline (www.hopenow.com) helps homeowners avoid foreclosure by temporarily suspending the foreclosure process for 30 days. The plan will initially involve Bank of America Corp., Citigroup Inc., Countrywide Financial Corp., JPMorgan Chase & Co., Washington Mutual Inc., and Wells Fargo & Co. Homeowners who are 90 days or more behind in payments on any type of mortgage, not just subprime loans, can use the extra time to work with their lenders on more affordable loan terms.
Mary LaMeres-Pomin and Lyle Martin, co-founders and co-chief executives of Assist-2-Sell Inc., had these comments on Project Lifeline:
