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Loan Modification

: Loan Modification & Home Loan News

Study shows 20% of Bay area mortgage modifications fail within the first six months

By Evan Bedard

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“For the past two years, 20 percent of the modifications failed within the first six months,” said Bill Sanchez, the vice president of Tampa Bay Community Development Corporation, a HUD-approved housing counseling agency. Sanchez says the new program aims to relieve homeowners who can not keep up with even a modified payment. “It’s an exit [...]

Full post as published by Loan Modification & Home Loan News on November 12, 2010 (boomark / email).

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