Through the Making Homes Affordable Program, many thought they found the solution to their mortgage troubles. Unfortunately it has proven to be a daunting process which leaves many homeowners losing the fight to save their home. There are over 4 million homeowners who qualify to receive assistance through the program, and of those 4 million about 230,000 people have had a loan modification completed.

Many are pointing their fingers to the banks. There has been a long list of complaints from homeowners who can never get a hold of a person at the bank, and if they do it is often not someone who can help them. The Kollars of Arizona are a prime example of this. They have done everything under the sun to get through to the bank, “Frustrated with the bank, Angela Baca-Kollar called the Obama administration’s helpline, 1-888-995-HOPE, but the representative told her that the hot line “can’t strong-arm the bank” and urged her to call a government-approved housing counselor.” It’s easy to see why so many lose their homes to foreclosure.

This entry was posted on Friday, September 4th, 2009 at 12:55 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.