Has anyone had success using the Governments home modification program?

Posted on Oct 27, 2012 in HARP Refinance

A handful of nice huge house images I found:

The Large House – his closet

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At the “Huge Residence”

Image by missycaulk
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Question by sngrlissy: Has anyone had success using the Governments home modification program?
Are there any success stories using the Governments home modification program? My company said that they are not in it and if you listen to the Government they say that most companies are in it. I can see the refinance part of the Government program working if you have the selected type of mortgage(fannie mae or freddy mac) but I don’t see the home modification part working and especially not for me. One of the problems is that mortgage companies have to be in the refinance part but do not have to be in the home modification part and many are not. Therefore there is no pressure on these mortgage companies to modify your mortgage. So has anyone had success with the Government home modification program?

Best answer:

Answer by VATreasures
If the government programs do not work, stuff your best bet may be a short sale. It does hurt your credit some, but it is less damaging than the alternatives. With many real estate markets getting a little more stable, the environment for short sales is better than it was in the past.

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