Mortgage assistance through the Obama home loan modification program is still available for troubled homeowners who may be in need of a more affordable mortgage payment. There have been many troubles and complaints of the Making Home Affordable Program, but there are still options and aid available for homeowners who may be struggling with their mortgage payment.
Many lenders have been accused of not doing all they can to help homeowners who are in need and struggling to make their mortgage payments due to a variety of reasons ranging from unemployment to a reduction in their home’s value. Underwater mortgages and unemployment are two big focuses in the housing market as the economy is still on shaky ground in some areas.
A traditional home loan modification has been available for many months, but some homeowners have become very angry at their rejection from the program or what they deem to be unfair treatment during the modification program process. There have been lenders that have homeowners in a trial home loan modification longer than they should have been, in some cases, and some homeowners believe they were denied a home loan modification unfairly.
Despite troubles and complaints, struggling homeowners are still being advised to talk with their mortgage lender in order to get assistance and see what programs might be available to aid them in their struggle. There is no lender who has done a perfect job when it comes to making modifications, but this should not stop a troubled homeowner from seeking assistance either from the Making Home Affordable Program or from an in-house mortgage assistance program from their lender.