You should read this article if you or someone you know is in the loan modification process. (Or pass it on.)
We are in the 13th month of our loan modification process and finally see the light at the end of the tunnel. Our March payment should be our final “trial modification” payment, and should convert to a “permanent modification”. It has been a harrowing experience – which is why I put my husband in charge. I found it too frustrating, because every time I got on the phone with someone I would want to yell at them, call them an idiot, and demand to be transferred to a supervisor. Which would not have gotten me anywhere.
Sometimes you really can not influence or change something no matter how hard you want to. Evidently it just takes time to let the – idiots – get the paperwork pushed through.
~Wendy
Loan Modification Program Isn’t On Track Yet
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It would be unfair to say that the Obama administration hasn’t been trying to restore the health of the housing market. Unfortunately, it would be inaccurate to say that its programs are having much success. The loan modification program is a worrisome case in point.