Few troubled mortgages being modified permanently

**jasonthoele** · 12-11-2009, 02:31 PM

Federal data released Thursday showed just how poorly banks are doing at turning the growing number of temporary loan modifications into permanent ones under the Obama administration's effort to curtail foreclosures.

http://www.latimes.com/business/la-f...,5476341.story

**caseyzeman** · 12-11-2009, 03:31 PM

yeah i had my loan modified. I did it myself and it is unfortunately only for 3 years. They talked about redoing after 3 years. I am just glad that it is at a 3.25 for the next 3 years interest only.

**minnesota-mls** · 12-13-2009, 10:03 AM

Because we too are seeing very few numbers of successful loan modifications, a number of sellers are selling their properties via short sale.

In fact, a huge chunk of the properties for sale on the MLS here in Minnesota are short sales.

Not sure if there will be any changes by the government to try and help more people modify, but we are seeing more and more REOs and shorts for sale here in MN.

**info.loaninvestments** · 12-13-2009, 01:28 PM

funds on demand and I give funds out to make profits. I give funds with interest rate of just 3% and this is to make sure I get the best minimum profit and as well to see that I am able to get to the best need of the person getting the Loan. Unlike direct bank contacts who demand much or too expensive, All that is needed from you is genuine information about you as well as the necessary things that I can use to get funds over to you.