Making Home Affordable Program

The new Home Affordable Program does not offer any relief for second mortgages. It does seem that the lenders are willing to modify these mortgages but there are no guidelines and only time will tell what type of relief borrowers with second mortgages will be able to get.

If you have any other questions, feel free to ask, here is the link to the FAQ section of the Government's Making Home Affordable Program: http://www.financialstability.gov/docs/borrower_qa.pdf