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Mortgage Modification Programs Are 10X More Expensive than You Think

There are a number of flaws with the new modification program.

The fundamental mistake is that the lenders seem to think that if the mortgage is modified, everything else will take care of itself.

Even for those who managed their money well prior to their hardship and default, it takes a substantial amount of time, effort, and behavior modification to STAY out of foreclosure.

Our "leaders" seem hell-bent on finding a quick fix here.

There are solutions to the problem, but there are no EASY solutions.

Their search for "economies of scale" in loss mitigation is hopelessly delusional.