- THE GREAT MORTGAGE MODIFICATION MYTH
Since it was established by the Administration in the spring of 2009, the Home Loan Modification Program has promised to help struggling homeowners stay in their homes. The President promised that three to four million people would be helped by this program. - Nearly three years later, the real numbers are far short of those promises. Fewer than 800,000 homeowners actually have permanent modifications. Reports of wrongful rejections, lost paperwork and other abuses by the big banks fill the news on a daily basis.
- To see just how the banks are really doing follow this linkhttp://www.wehelphomesellers.info/Loan_Mod_stats2.html
THE LEMONADE JOURNAL is the outgrowth of 20 years of experience in real estate and finance. In the aftermath of the mortgage industry meltdown, we are applying the adage "When life sends you lemons, make lemonade" . In addition to insights into the current market, the Lemonade Journal contains suggestions on how to cope with the present economic situation.
THE GREAT MORTGAGE MODIFICATION MYTH
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