Foreclosures and problem loans have thrown millions of American households into crisis. Over 7.5 million mortgages are delinquent, and an estimated 1 million have been taken back by the banks, according to Lender Processing Services, a Jacksonville-Fla.- based mortgage-industry service provider.
In response, the government founded the Making Home Affordable program, with $75 billion in federal funds, to offer services--including loan modification--to certain homeowners. But navigating the thicket of paperwork and separating good from bad advice can prove downright daunting. And for some struggling homeowners loan modification may not even be the right option.(Click HERE for full article)
In response, the government founded the Making Home Affordable program, with $75 billion in federal funds, to offer services--including loan modification--to certain homeowners. But navigating the thicket of paperwork and separating good from bad advice can prove downright daunting. And for some struggling homeowners loan modification may not even be the right option.(Click HERE for full article)
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