The number of homeowners getting help from the government’s massive foreclosure program is growing, according to data released Tuesday, but it is unclear how many of these borrowers might still lose their homes.
Under the effort, called Making Home Affordable, lenders are paid to lower a borrower’s mortgage payments. The program has struggled since its launch in March, with homeowners initially reporting difficulties reaching lenders.
Through October, 650,994 delinquent borrowers have received help, or 20 percent of those potentially eligible, according to the Treasury Department.
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I had applied for a loan modifaction with the help of the Payment Help Center in july of 09 and today december 17 -09 I had a three way call with the payment center and chase Bank I was denied and the reason was my social security was more now than when I bought the home in 04 from cost of living increase I proved the hardship my house payment is 900 per mo I am paid 1788 per mo this is not right but what can you do , nothing the banks got the money they needed and they are not going to help if there is any way around it. I must chose between keeping my legs or my home