What is gonna happen with trial loan modifications


This is an interesting article and the writer is skeptical about the future of 650,000 or more trial loan modifications. There are some very interesting points raised by the author. The trial loan modification process is slow and cumbersome. However, it builds hope for homeowners. Banks are taking lots of time in completing this process.

http://www.nytimes.com/2009/12/04/business/economy/04norris.html?_r=1&sq=&st=nyt&scp=2&pagewanted=print