Housing Predictor. Com released a research report today stating that the forelcosure crisis is far from over.  The research firm in predicting that 20 Million households may be affected by foreclosure in the coming years.  http://www.pr.com/press-release/212780

The research report also stated that 1 in 3 homeowners may decide to “walk away” from their homes if property values continue to decline.  As we all know loan modifications are not working.  Here are some statistics on the HAMP program through Dec. 2009

• 902,620 trial modifications offered
• 66,465 permanent modifications granted

With this being said, it seems that many lenders and government officials are now pushing short sales as another method to stem the flood of foreclosures.

Are you experiencing financial difficulties and looking for advice on the options available to you?  Contact me today,  I am personally committed to helping 100 Maryland homeowners prevent foreclosure in 2010.