Why do we keep hearing in the news every day that the economy is looking better when one minute we are bailing out the financial companies and several months later they are proclaiming 41% profits like Wells Fargo. Then we hear that bonuses to these mortgage holders executives are about to be paid, when homeowners are still struggling to get a california mortgage modification.

Then when you talk to the homeowner, they can’t seem to get a loan modification company from their mortgage companys, are losing jobs, are upside on their Loan, and can’t afford their mortgage payment anymore. I assume these wonderful profits that the mortgage companys are making are going to the executives and not towards loan modifications or Loan work out programs to help people save their homes.

Homeowners are borrowing from friends to just make a Note payment to stay in their home. They call their banks constantly asking to qualify for Obama’s Making Home Affordable or even HAMP, or heck why not any other Loan Modifications Program.

Time and time again, more than not, the homeowner is transferred to another resource in the bank, disconnected, or just lost in the maze and not helped with a Mortgage Modifications by their bank/loan servicer. It took an act Congress to just define Making Home Affordable (MHA) and other Loan Modifications programs. Now it is taking an act of congress to actually get a Note Modification under HAMP or Making Home Affordable.

As foreclosures continue to rise and more people are losing jobs, the reality of our economy coming from Walls Street is not the reality of the economy coming from Main Street. A huge majority of Americans are upside down on their Loan, can’t afford their Note payments, and have credit card debt is increasing at an alarming rate.

The major concern is that when homeowners call their lenders they are told they have to be late on their mortgage to qualify for Obama’s Making Home Affordable. They are also told that they cannot have any equity in their homes to qualify for this type of Loan Modifications. Both of these statements are not true; as the banks are suppose to provide a Mortgage Workout under these situations. It is just one more lie and one more way the mortgage holders are not qualifying homeowners when they should. It seems like one more excuse.

If a homeowner doing a Loan Workout on their own is actually lucky to make any progress on their own, then the lenders takes their time completing the Mortgage Modifications. There are stories that homeowners are waiting 9 and 12 months for a Loan Adjustements.
What is going here! The best way homeowners are getting help is thru Attorney Loan Workout, as the Attorney’s are putting pressure on the mortgage companys to modify home Loan and stop foreclosures. This process should not be so difficult; at least the Attorneys are successful with the Loan Workout. If you are at your last straw, check with an Attorney Loan Adjustements Company that offers 100% money back guarantee for help.