After you watch the video on this blog you'll realize why loan modifications have been such a miserable failure for the people that need them the most. The government program, "Home Affordable Mortgage Program" (HAMP) was set up to help homeowners that are struggling with their mortgage payments. You notice I said, "To help homeowners".
Do you know anyone that's behind on their mortgage payments? It's said that 1 in 11 people are behind on their mortgage today. So, for every 11th house you pass by in a routine day, chances are the family living there is facing the possibility of foreclosure. Think about how many houses you pass by in a routine day, kind of brings things into perspective, doesn't it?
Why are lenders not willing to work with homeowners to help them keep their house? As you'll see in the video, # 1) they don't have too. The government has already bailed alot of them out. # 2) They lose too much money doing loan mods. I'm not saying all loan mods have been unsuccessful. There are some folks that have most definitely benefitted from a loan modification. All I'm saying is, the current program we have in place now isn't working as it is intended to work, "To help homeowners"!
Watch the video and come to your own conclusions. It will get you thinking.
If you know of anyone that is facing a hardship, and the possibility of foreclosure, call Champion Realty Solutions, LLC. We have the expertise to offer solutions for families to help them avoid foreclosure in Gainesville - Hall County. You'll find all of my information by visiting my website at the bottom of this post.
Watch the video here: http://www.thinkbigworksmall.com/mypage/archive/1/29027
To helping homeowners avoid foreclosure.
Eddie Rushton
Champion Realty Solutions, LLC
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