HAMP: Are loan modifications working?

Have you attempted to get your loan modified? Has it worked? What do you think of the video above? Has that been your experience? Comments are welcome below.

“www.StopSacramentoForeclosures.com HAMP is designed to help those who “barely” cannot afford their payments and for those who are not too upside down. During the trial modification the monthy savings is added to your loan balance. If your modification is rejected they will want the savings back! You may not qualify for a repayment plan! I have seen this happen to people I care about and they would have been better off not applying. Know Your Numbers First! HELP IS FREE and there many options to prevent foreclosure.” (from YouTube)

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