government foreclosure programThe government foreclosure program should help many homeowners stay in their homes with lower house payments. The programs to aid lenders and homeowners are now in place to allow lenders to work with the homeowners who need lower payments because of financial distress from the loss of income or rising house payments. People in ARMs may find their payments rising, and coupled with an income loss or other unavoidable expenses, the owners may find themselves unable to meet the new payments. By using the government foreclosure program, the owners can avoid the foreclosure and get a newly restructured loan that they will be able to live with. It is the intention of the government to prevent all the foreclosures that got this economy into deep trouble, so by taking advantage of programs to help them with their payments, owners can avoid foreclosure and actually help themselves and the economy one rooftop at a time. The government foreclosure program makes a lot of sense. The last thing the housing market needs is one more REO on the market.