Loan Modifications, Short Sales and Banked owned properties will continue, perhaps the Home Affordable Modification Program (HAMP) to provide some mortgage relief to underwater borrowers.
According to a Harris poll, 24 percent of people with mortgages believe they owe more on the loan than their homes are worth, they Are Underwater.
According to the poll, nearly half of the borrowers who believe they are underwater say they are currently having difficulty paying their mortgage.
Twenty-six percent report having “a great deal of difficulty.” Another 23 percent are having “some difficulty.”
