CNNMoney has been inundated with emails from its readers. They complain about how trial loan modifications are causing their credit reports to take an unexpected hit. Most of these homeowners who are facing bleak economic prospects, view federal government's pledge of foreclosure rescue their best way back to solvency. Yet many are seeing their credit score take a whack as they wait for their lender to modify their home mortgage.
The whole story is at: http://money.cnn.com/
To read more on loan modifications check these books:
Loan Modification For Dummies (For Dummies (Business & Personal Finance))
The Loan Modification Handbook
The Complete Loan Modification Guide (Home Edition Kit-Handbook, DVD, CD & Bonus Materials)
Saving Your Home through Loan Modification!
1/10/10
Govenment help to stop foreclosures comes with cost, as credit scores get hammered
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