Mortgage Help can turn in to Disaster

Hello, it's Z-Man. Hope to do another podcast this weekend but in the meantime I thought I'd share an article I found very interesting. If you're one of the millions of people in the U S who applied for assistance through President Obama's home loan modification program and have received temporary approval you may owe back payments if you are denied permanent status. Also the credit companies count your reduces payments under the temporary status as being delinquent even though it was approved by your mortgage company so it still has a negative impact on your credit score. Also, most people who apply are not granted permanent status.

More info below

Home Mortgage Help can Lead to Disaster.

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