Trial Loan Modifications Hurt Santa Maria Homeowners

There is some good news in the world of loan modifications such as Bank of America the biggest recipient of TARP funds is now planning on reducing principle balances on some of its loans for its clients. Supposedly they plan on reducing up to 30 percent of the loan balance. Not to mention Wells Fargo has over half a million of loans currently in trial loan modificatios as to how many of those loans actually become permanent loan modifications is really anyone's guess. Many of the Santa Maria homes for sale are in fact due to loans that could not be modified for one reason or

Santa Maria Real estate