Loan Modification Recent Survey

• On average, they'd been seeking a modification for more than 14 months. The process is designed to last only a few months.
• Homeowners seeking modifications reported having to send the same documents nearly six times on average.
• 175 homeowners say they were advised, incorrectly, to fall behind on their mortgage in order to qualify for a modification.
• Although about 1.3 million home-owners begun trial modifications through the program, fewer than 400,000 home-owners have received permanent modifications.
• Seeking a modification not only takes a long time, but can be time-consuming. Home-owners spend more than 10 hours per month (collecting, documents, waiting on the phone, etc.).
• Most home-owners call, fax or mail once a week or more. Many complain of speaking with an exhausting catalog of call center employees

Casi Mod Mortgage Loan Modification Software