Loan Modifications And Balloon Payments What Is The Cost

Reading the news for the last two weeks you would either think the government has the credit crisis in control after hitting its 500,000 trial loan modifications or that there is no hope after seeing the rise in prime mortgage foreclosures and the rise in unemployment. The truth is that nobody really knows what is going on right now in the economic arena. Last week Citigroup lowered their ?emergency fund? for bad or non performing loans which surprised analysts that fail to find evidence of an improvement of credit payment ability. Loan modifications can be a great solution for some. For others it is not a possibility or simple will setback the inevitable with hard earned tax dollars. Loan modifications are not for everybody because loan modifications can only ?attack? certain causes of h