Tuesday, May 12, 2009

Mortgage loan modification still iffy (Belleville News-Democrat)

Q: After reading several news stories about the failure of the mortgage loan modification programs sponsored by lenders and the government -- one story reported that nationally, only 25 loans were modified out of thousands of borrower inquiries -- I'm wondering what homeowners who are having trouble making their payments can really accomplish, except to default and let the bank take the house.

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