Many people facing the proposition of a short sale on their home or a foreclosure can seek a loan modifcation through the HAMP or Home Affordable Modification Program. However, very few people actually end up getting a loan modification. The requirements and paperwork are often overwelcoming. Read here about the latest results of Treasury Department report showing that Loan Modification Results Continue to Slip.
Nashville Southwest TN Foreclosures
Good morning Laura,
Another Government "fix" that doesn't work...why doesn't this surprise anyone?
Oh, Lisa, don't get me started!! :-) Its important for consumers to know these dismal rates of success for HAFA so that they don't try to get a loan modification all the way to foreclosure!