Loan Modifications Are Still Not Meeting Deadlines

According to recent figures released by the U.S. Treasury Department, since the end of November approximately 4 percent of home owners who requested loan modifications have received them.

Bank of America Corp. has the least amount of completed loan modifications with a total of 98. While GMAC Mortgage had completed the most with a total of 7,100.

Many lenders have stated that its lack of success is in part on the failure of borrowers properly completing the necessary paperwork .

For more valuable information please go to Making Homes Affordable.

If you are struggling to pay your mortgage and are facing a future of uncertainty, a Certified Distressed Property Expert (CDPE) can help you work through any housing related crisis. Don’t live your life with worry about the heartache of a possible foreclosure of your home. Please contact Eddie Perez, Broker-REALTOR, CDPE. As a CDPE, I can make your life easier. Eddie’s market includes Hoboken, Jersey City,

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