Struggles Continue For Homeowners Seeking Loan Modifications

A recent story in The Tampa Tribune contained anecdotes of three Central Florida homeowners and their troubles trying to get their mortgage loans modified. For example:

• It's been more than a year since David Austin asked his mortgage company to modify his loan. He says he was told to stop making payments while he waits. He doesn't receive phone calls or letters, and the lender hasn't filed for foreclosure. "It's like they forgot about me," Austin said. "Every month, I get more behind and my house value drops further."

For more, see Homeowners' worlds, mortgages upside down.