Many people who have been seeking assistance through the home loan modification program have been able to obtain some sort of mortgage aid over the past few months. The Making Home Affordable Program has seen increases in the number of permanent modifications made from the various lenders who are participating in this mortgage assistance plan.
There have been some troubles in the modification program and many homeowners have been very upset with being denied a home loan modification or being treated, in their opinion, unfairly by certain lenders. While there have been some troubling stories to come from these homeowners and there have been accusations that lenders are not doing all they can to help homeowners in need, it’s still possible for a troubled homeowner to contact the lender in order to find mortgage assistance options that may be of help.
Lenders are being pressed to help homeowners avoid foreclosure and there have been calls from the Treasury Department for mortgage lenders to step up their efforts in the modification program and foreclosure prevention plans. There has been no perfect lender in modification program, but there are still some success stories coming out of the modification program each month.
There are programs outside of traditional modifications that are available to help homeowners with a variety of mortgage troubles, and lenders are using both Making Home Affordable programs and in-house assistance plans to help those in need. It may be a difficult road for some homeowners when it comes to getting a modification on their home loan, but avoiding foreclosure will be worth any trouble that is experienced.