Between the Obama plan and the loan modification ads on TV, you’d assume that everyone who need a loan modification can get one. Is that your experience?
If you’ve tried to get a mortgage modification in the past three months, please share your experience with us. Were you offered a modification? What were the terms? Did it reduce the amount you owed? Were there conditions on qualifying? Did you have to pay money in the process?
If you were unsuccessful, what prevented a modification? Were you facing foreclosure? Did the foreclosure go forward anyway? Were you treated politely? Knowledgeably?
Please report your experiences as a comment to this blog.