NEW YORK (CNNMoney.com) — More than 55,000 troubled homeowners have received loan modification offers under President Obama’s foreclosure prevention program, officials said Thursday.

The administration also announced it was expanding the $75 billion program to assist more troubled borrowers. The government will provide incentives for servicers and borrowers to avoid foreclosure using methods such as short sales.

Related posts:

1. Mortgage help for 5 states

2. Low Mortgage Lenders : Hope In the Foreclosure Plan?

3. What is “Making Home Affordable” all about?

4. The Home Affordable Refinancing Program (HARP) has accomplished little

5. TARP Speculation – Mortgage Help in the Works?