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For anyone trying to do a loan modification with one of these companies just received some very disturbing statistics on how unsuccessful these companies are doing as of Dec. 10th 2009,

Indy Mac received 814 Million Dollars to do loan modifications and as of yet there has been ( 0 ) ZERO that have been permanently modified, they have over 19,000 trail loan modifications with a ZERO completed permanent modified loan.

Saxon Mortgage received over 886 Million Dollars from the government to participate in doing loan modifications and as of Dec. 10th 2009 they have completed on 42 permanently modified loans out of their 35,000 trail loan modifications that is less than 1/10 of 1% od a successful loan modification.

If you are wanting more information on this and looking to read on here is a great link... http://mandelman.ml-implode.com/2009/12/it%e2%80%99s-not-about-right-and-left-anymore%e2%80%a6-it%e2%80%99s-about-right-and-wrong/

Hope this is getting to some people that are really taking the time to read this and not happy to hear this. If you feel compelled to write your congress representative or senator and let them know that the money was given to the banks to help out the people not just for the banks to have more profit!

Get involved, it is time to let our government know that we are paying attention and we are expecting the banks to participate in the program for loan modifications.