Talking to many customers and attorneys here in South Florida and New York I hear the same thing over and over. Loan modifications are not being given. It seems that in most cases after jumping through hoops to satisfy the bank with their requests that the answer to the homeowner is just about always no. Now I'm sure there are many people who just don't qualify but I wonder how many mods really could be done if the banks had a reason to do them? Probably alot.
This is important because foreclosures destroy families and neighborhoods and anything that can be done to stop them is worth doing. There has to be some way to get the banks excited about doing loan modifications for the people who qualify for them.
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