LOAN MODIFICATION Process is slow - The Wall Street Journal article June 17, 2009
I think all of us can say we know at least one person who is trying to accomplish a loan modification with their lender. About 4 million people were late in paying their mortgage payments in the first quarter of 2009. As of the end of April only 518,155 home loans have been modified.
The process is slowed by the amount of paperwork involved and low numbers in staffing. It is not an easy process, but if it can help keep homeowners from loosing their homes it is well worth it in the end. Here is the link to the article in the Wall Street Journal that shares some stories of homeowners in the process or have had a loan modified.
http://online.wsj.com/article/SB124508720715715781.htm
About Kathleen Mazzocco
- Kathleen Mazzocco, Realtor in Anthem, AZ Relocation to Scottsdale, AZ
- Scottsdale, AZ, United States
- Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.