Is This Just More Mortgage Modification Propaganda?

“The banks say one thing, but the truth is they don’t care that people are struggling and trying to work with them. They’re totally unresponsive,” said homeowner Frank Cavadi, 58, whose home in east Bakersfield has lost more than half its value over the last three years.

Cavadi recently wrestled a temporary, three-month modification from Wells Fargo, but it took him a year of persistent calling to get it, and the relief is only temporary.

“Normally, I hate the federal government getting involved in anything, but that’s what it’s going to take,” Cavadi said.

Read more from Bakersfield.com

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