Loan Modification

And it doesn't look pretty...

But loss mitigation industry insiders and consultants that have actually done them, and not just advertise on late night infomercials about the service knew this already.

More than 5 million homes have been caught in foreclosure since the economy began spiraling out of control from 2007.

The goal was for this Federal Government program to help modify 3 million to 4 million mortgages in three years.

It's not happening...

Why?

It's like I said in the article link below.

Truth About Loan Modifications

Loans are contracts which lenders don't want to break or change if at all possible.

The Congressional Oversite panel that was formed to monitor the Treasury bailout funds that support the programs are finding out that Less Than 5 Percent of the 760,000 Thousand Homeowners who have been through the process Receive Permanent Modifications.

Get real world solutions to your loan default problems from an experienced loan officer that has specialized in poor credit Government backed loan products and foreclosure prevention consulting long before any Housing Boom or Bust.