Bank of America is one of the top lenders in the Making Home Affordable Program and many homeowners who have been struggling to make their mortgage payment have been able to obtain a permanent modification from Bank of America and the home modification program. Many homeowners are still unaware that they can get this form of assistance from their lender, but the modification program is still seeking to help more homeowners in need.
Top lenders like Bank of America have been seeing increases in the number of permanent home loan modifications made each month and more and more homeowners are getting the assistance they need. There’s been more stress put on lenders to make sure that homeowners can avoid foreclosure through different plans within the home loan modification program.
There have been many homeowners who have criticized lenders, and Bank of America has not escaped these unhappy homeowners, as many believe that lenders are not doing all they can to help homeowners who face foreclosure. There are many stories about homeowners who have done everything right but were still denied a modification for seemingly no reason at all.
Despite accusations that lenders are doing all they can, homeowners simply aren’t providing the proper paperwork, or many homeowners simply may not qualify, it is still being advised homeowners who need a lower monthly mortgage payment should contact the lender about getting a home loan modification. Also, the Making Home Affordable Program website has a great deal of information that can benefit any homeowner who wants to see if they qualify for a permit modification.
While it may not be an easy road to obtain a permanent modification, homeowners should still do all they can to avoid losing their home to foreclosure.