Loan Modifications Questions: escrow analysis, unemployed homeowners and upfront premiums.

The Obama administration loan modification is out to help those that can help themselves not lost causes that is the claim anyway. The idea is not to bail out greedy homebuyers that took more than they could chew. That is all very good in theory but how do you regulate that in practice? Not easily. Especially when those that ?deserve? the loan modification could fall through the cracks if the requirements for loan modifications are not designed properly. Understanding the rules can and does help people abuse the system and get breaks they don?t ?deserve?. Of course if anybody deserves a loan modification sponsored by the tax payers is a point of dissent I?m not certain of. However it might be the only way to know how to get the most of your loan modification is to understand the system. A