New rules aim to simplify refinancing for troubled homeowners

DETROIT – Nov. 14, 2011 – If you are a troubled homeowner hoping to refinance, pay attention next Tuesday as details come out on a new federal program that could make it easier starting in late December or early in 2012.

In the meantime, be sure you keep up with your mortgage payments so that you can qualify for the new deal.

Even if you missed payments in the past, it can help to be current going forward, said Kathy Conley, housing specialist for GreenPath Debt Solutions in Farmington Hills.

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