Has it been 3 weeks, 6 months or a year since you first applied for mortgage modification so that you could avoid foreclosure?  Has your mortgage servicer lost important documents?  Have they left you on hold for 30 minutes—an hour or “accidentally” dropped the line?  What about the quality of information you receive about avoiding [...]

According to an article in the Star-Telegram, the Congressional Oversight Panel which is responsible for making regular assessments of the $700 billion financial bailout of banks has reported that the foreclosure plan “Making Home Affordable” has failed to hit the mark.  The committee recommended that the Treasury Department either improve the program or adopt a [...]

According to an article in the Star-Telegram, a recent report revealed that more than 50 percent of homeowners who received mortgage modifications were at least two mortgage payments delinquent within a year, making them vulnerable to foreclosure.  The report also revealed that homeowners who received mortgage modifications that reduced their monthly payments were less likely [...]

According to an article in the Star-Telegram, the Making Home Affordable program continues to fail to hit the mark in preventing foreclosures on any significant scale.
The article said:
“As of last month, more than 360,000 borrowers were enrolled in three-month trial loan modifications, out of about 570,000 who received offers. Only about 85,000 homeowners have [...]