sf bay area: Frustrated With Loan Modification? Consider Short Sale
- 05/27/10 10:43 AM
I recenlty read a great article written by Paul Kiel of the watchdog group ProPublica. The article addresses the rise of Loan Modification Failures. Mr. Kiel writes that "of the 1.2 million homeowners who have begun a modification in the last year, about 265,000 are stuck in "trial periods" for six months or more"'. Mr. Kiel further writes that homeowners and advocates list common complaints such as mortgage servicers frequently ask for the same information over and over; give contradictory information; make mistakes and in the end, many homeowners under these trial periods end up worse off than if they'd never … (1 comments)
I recenlty read a great article written by Paul Kiel of the watchdog group ProPublica. The article addresses the rise of Loan Modification Failures. Mr. Kiel writes that "of the 1.2 million homeowners who have begun a modification in the last year, about 265,000 are stuck in "trial periods" for six months or more"'. ;)
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