Posts Tagged ‘failed loan modifications’

Quote from Fox News:

There are more than 7.3 million home loans in some stage of delinquency, according to Lender Processing Services. Lenders are offering to help some homeowners modify their loans. But many borrowers can’t qualify or they are falling back into default. The Obama administration’s $75 billion foreclosure prevention effort has made only a small dent in the problem. More than a third of the 1.2 million borrowers who have enrolled in the mortgage modification program have dropped out. That compares with about 27 percent who have received permanent loan modifications and are making payments on time.

Need I say anymore?…don’t caught and Keep it Short….

If you are or know of someone who needs to have a short sale done…please email me at mikeo@lmsgnow.com

Keep it Short,

Mike Knows