The government backed loan modification program is helping more people, but how much is unclear. The number of homeowners getting help from the governments massive foreclosure alternative program is growing, according to data released Tuesday by the Treasury Department, however it is too early to tell how many of these homeowners might still lose their property.
The administration will not release figures on completed modifications until December, however so far it appears that very few trial modifications are becoming permanent, often because of a lack of documents.
In San Diego county and nationwide Titanium Solutions Inc has been hired by mortgage servicers to go door to door gathering needed documents. “Most people got into loan with assistance” and need similar help with the modification process, said a Freddie Mac Senior Vice President Ingrid Beckles
