Project Lifeline Could Help Baton Rouge Homeowners
New program designed to reduce foreclosures
Baton Rouge homeowners facing foreclosure may get help from a new program. Project Lifeline is designed to help those with Baton Rouge real estate, and real estate across the country, modify their loan terms so that they are more favorable. Fixing interest rates or lowering payments so that they are more affordable are some of the solutions that mortgage lenders can voluntarily offer those at risk for foreclosure. Here is what the New York Times reports about Project Lifeline:
proceedings for 30 days for delinquent borrowers with both subprime and
higher-quality loans. During the pause, the banks would presumably try
to modify the loans to make them affordable over the long run.
For more on how Project Lifeline might help Baton Rouge homeowners, or to buy Baton Rouge real estate, contact Glenda Daughety.
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