Why Banks Make It So Tough to Get a Loan Modification

August 27, 2009

Homeowners facing foreclosure continue to be frustrated by the difficulty of getting banks to work with them to save their homes.  Consumer Warning Network Managing Editor Terry Smiljanich took up the issue on the Kathy Fountain show “Your Turn,” on Tampa’s FOX affiliate.  Click here to watch Terry tackle the issue of why the government’s Making Home Affordable Program needs a shot in the arm.

Click here to read  Terry’s recent article on “Why Lenders Won’t Renegotiate Home Loans.” In another article”Foreclosure ‘Work-Out’ Myth,” Angie Moreschi explores why homeowners facing foreclosure get the run-around.  And Click here to watch our CWN report on a foreclosure roundtable discussion with top banks, as well as one-on-one interviews with two top executives.