Limited Loan Modification Success, Rising Foreclosures Mark Phoenix Real Estate Scene

Last year, President Barack Obama announced his plans for the Making Homes Affordable program–a program designed to help those on their way to foreclosure.  There was a trial period set up when this program began, and recently the number of those who made it to “permanent” status has increased. Homeowners from Phoenix were likely candidates for this program

However, the number of those who have actually made it to a permanent mortgage modification is still staggering behind those within the trial period. Why? It isn’t easy to qualify for the program in the first place; In addition, as with any “helpful” government program, those who do qualify must complete a slew of paperwork. Banks are behind  in processing the paperwork.  With the less-than-simple process toward loan modification in place, many of those who were in the process of completing the program have dropped out.

At the same time, the number of foreclosures continues to rise. Unfortunately, that cancels out any of the “good” that the president’s program has been doing. Regardless of how many people the mortgage modification program is helping, if there are still plenty of foreclosures (there are) and if that number is still increasing (it is), then it cannot  be said that this program is all that it’s cracked up to be.

Are you facing a possible foreclosure and in need of an agent to help sell your home fast? Have you been considering the mortgage modification program? Let the Curtis Johnson team help you. The Curtis Johnson Curtis Johnson Team is here to help individuals who are facing foreclosure. You don’t need to go to the government for help. Instead, go to  www.curtisjohnson.com  or call 1-888-Curtis – J.

Advertisements

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: