Our fears has come true as we had indicated that Obama Plan is not overencompassing, and it has no teeth for enforcement. The lenders are still at their games. The keep on asking papers which had been sent to them many times, faxes which are either overworking or not working or out of ink and papers and phones calls which has unlimited voice messages capabilities. A new report has been published which states that these modifications are inherently slow. Please read the article.
http://www.marketwatch.com/story/obama-loan-modification-program-moving-slowly-2009-12-10
Saturday, December 12, 2009
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