Why do we keep hearing in the news every day that the economy is recovering when one minute we are bailing out the servicers and several months later they are proclaiming 41% profits like Wells Fargo. Then we hear that bonuses to these lenders executives are about to be paid, when homeowners are still struggling to get a Mortgage Adjustements.
Then when you talk to the homeowner, they can´t seem to get a Loan Workout from their banks, are losing jobs, are upside on their Mortgage, and can´t afford their mortgage payment anymore. I assume these wonderful profits that the lenders are making are going to the executives and not towards loan modifications or Loan work out programs to help people save their homes.
Homeowners are raping their retirement to just make a Mortgage payment to stay in their home. They call their banks constantly asking to qualify for Obama´s Making Home Affordable or even HAMP, or heck why not any other Loan Adjustements Program.
Time and time again, more than not, the homeowner is transferred to another resource in the bank, disconnected, or just lost in the maze and not helped with a Mortgage Adjustements by their bank/loan servicer. It took an act Congress to just define Making Home Affordable (MHA) and other Loan Workout programs. Now it is taking an act of congress to actually get a Note Modification under HAMP or Making Home Affordable.
As foreclosures continue to rise and more people are losing jobs, the reality of our economy coming from Walls Street is not the reality of the economy coming from Main Street. A gross majority of Americans are upside down on their Mortgage, can´t afford their Loan payments, and have credit card debt is increasing at an alarming rate.
The major concern is that when homeowners call their financial companies they are told they have to be late on their mortgage to qualify for Obama´s Making Home Affordable. They are also told that they cannot have any equity in their homes to qualify for this type of Loan Adjustements. Both of these statements are not true; as the banks are suppose to provide a Loan Workout under these situations. It is just one more lie and one more way the mortgage companys are not qualifying homeowners when they should. It appears to be like one more excuse.
If a homeowner doing a Loan Adjustements on their own is actually lucky to make any progress on their own, then the lenders takes their time completing the Loan Modifications. There are stories that homeowners are waiting 9 and 12 months for a Loan Workout.
What is going here! The best way homeowners are getting help is thru Attorney Loan Modifications, as the Attorney´s are putting pressure on the mortgage companys to modify home Mortgage and stop foreclosures. This process should not be so difficult; at least the Attorneys are successful with the Mortgage Modifications. If you are at your last straw, check with an Attorney Mortgage Adjustements Company that offers 100% money back guarantee for help.
American Loan & Mitigation Services is a California based Attorney loan modification company. To learn more about us please visit us on our website at http://www.callalms.com
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