Over the last couple of years, I’ve heard so many horror stories about the loan modification process I was very reluctant to jump in, thinking the frustration I would experience would eventually be replaced with disappointment when:
1) the loan modification was denied
2) The offered modification wouldn’t be sufficient to help me keep my house.
But the ease of completing the package and the latest government figures on the success of the HAFA program have made me “cautiously optimistic” that something good will come of this.
Each month the government releases figures on the progress of its Making Home Affordable Program and each month the number of modifications completed, both trial and permanent, continues to grow. Also growing is the number of modifications that include principal reductions. (more…)
