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View Diary: Thank you President Obama (321 comments)

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  •  You are mistaken, (0+ / 0-)

    we applied for this program immediatly after it was announced, and it took over 10 months before we got approved for the trial modification. We only have it for a year come January, that is the early stages of any program, the first year, the way I see it. It cost us nothing to apply. I know there are lenders who are passing off refinances as HAMP programs, and are charging up to $5000.for it, there are also lawyers who are promising to go in the back door for you and move your paperwork along as well. When you go to the W.H. website, and look up the program, it tells you clearly this should cost you nothing.
    Having said that, there are lenders who were supposed to cooperate and gave applicants a run around, because they could get away with it. I imagine these lenders felt it was more worthwhile to forclose on the homes rather than put in the effort to cooperate with the government. I can not speak for them, all I know is it was time consuming, and I had to follow up almost daily for 10 months, but it paid off for us, and for many other folks too.

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