Real estate and foreclosure

After seeing the dismal failure of HAMP, this real estate attorney is skeptical.  I hope I’m wrong.  At least this plan offers the cash incentive ($3,000) to the homeowner instead of to the lender.  Wait a minute, is that going to help matters?  What is the lender’s incentive in this plan?  Too soon to know, I just hope HAFA gives us better results than HAMP did.   Here is a good article outlining the program’s basics.