Home : Blogs : Nancy Moeller : Nancy's Blog

Loan Modifications - Is the glass half empty or half full ... you decide

A report released by the Office of the Controller today, lenders are worker harder than ever to help homeowners avoid foreclosure with loan modifications. However, they report that more than 50% of homeowners who completed loan modifications in the first half of 2008 had fallen behind on their payments again.

Is the glass half empty or half full?

Seven Gables Real Estate

License #01727426

www.TheOCExperts.com

www.OCMarketUpdate.com (blog)

Direct: 714 276-7006

Fax: 714 917-2293

Posted by Nancy Moeller on 09/30/2009 04:20 PM

Comments (2)

Loan Modifications in the ActiveRain Channel

loan modifications redefaults

This post has been included in California Information Orange County, CA Information Anaheim Hills, CA Information
Post is included in group: REO
Post is included in group: Real Estate Technology
Post is included in group: Real Estate and Taxes
Post is included in group: Almost Anything Goes
Post is included in group: ActiveRain Network Referral Base

2 Comments on Loan Modifications - Is the glass half empty or half full ... you decide

SEP

Nancy, from what I understand that is the number one reason lenders are reluctant to do loan modifications. They end up foreclosing on the property at a later date.

None of my clients had any luck getting a loan modification approved so far..I have to sell those properties anyway. Not that I don't want to sell them but I wish I could see those families staying in their homes.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?