Sacramento Short Sale Specialist Reports Less Than 9% of Sacramento Area Hamp Mod’s Successful!
Sacramento HAMP loan modifications failing miserably! Sacramento Certified Short Sale Specialist Reports 91% of Local HAMP Loan Mods Are Failing! Just came across the latest HAMP loan modification statistics it shows that nationwide, less than 8% of all HAMP loan modifications have been approved for a long term solution for homeowners nationwide and that less than 2% of all Long Term Modifications have any type of principle reduction. I wondered if there was any such statistics for the Sacramento area... then I stumbled upon a great report from the Making Home Affordable/ HAMP website: [caption id="attachment_1951" align="aligncenter" width="280" caption="Sacramento Area HAMP loan modifications are saving less than 9% of underwater Homes"][/caption] It shows that there have been 13,004 Sacramento Area HAMP Loan Modifications started and...
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