The Obama Making Home Affordable Program is still offering various mortgage assistance options through lenders like Wells Fargo in cases where homeowners need a home loan modification in order to make their home loan payment more affordable. There have been complaints about lenders and the modification program as a whole, but there are still various forms of aid available.
Homeowners have been dealing with a variety of mortgage troubles and need more help than just a modification in some cases. Unemployment and underwater mortgages have caused problems and necessitated that lenders offer more programs or assistance than just a traditional home loan modification.
While there have been troubles in many aspects of the housing market and homeowners have been accusing lenders of not doing all they can, there is no reason for a troubled homeowner not to seek out assistance. There are many people who are angry over what has happened to home values, jobs, and the economy as a whole over the past few months but homeowners who are trying to keep a roof over their head are being advised to talk with their lender about options to do so.
There have been some homeowners that were denied mortgage assistance or who have stories that make getting a modification seem hopeless, however, homeowners should take the steps to seek out mortgage assistance if they feel they are going to be unable to make their mortgage payment in the near future or if it’s a problem currently. It may not be easy, but avoiding foreclosure will be worth the trouble of going through any type of mortgage assistance program.