The home modification program from Wells Fargo has seen an increase in the number in the amount of permanent home loan modifications made over the past few months. Homeowners with a Wells Fargo home loan have not been able to escape the trouble that many across the nation have had when it comes to paying their mortgage.
There are many who are looking for various types of assistance, as more than just home loan modifications are available at the present time. There are proposals and programs for forms of assistance like unemployment forbearance, principal reductions, underwater refinancing, and short sales on underwater homes.
Many lenders are seeing better numbers from a month in the Making Home Affordable Program, but there are many more homeowners who need to be helped and are aggravated with banks and their execution of the making home affordable assistance plans.
While Wells Fargo has not been without criticism, they are still programs available to help struggling homeowners. There are numerous individuals who believe that the lenders are not doing all that they can to help struggling homeowners and that banks are in a win-win situation when it comes to modifications.
There are many troubling stories that are coming from homeowners and news agencies about lenders and home modification program, however, struggling homeowners should not give up on finding assistance in their mortgage difficulties. It’s still advisable to contact a mortgage lender in order to see what forms of assistance may be beneficial for a particular situation. No lender has been perfect and the modification program is not without fault, but when it comes to facing foreclosure homeowners need to seek out every assistance option that may be available no matter how difficult the task may be.