Mortgage loan modifications continue to fail as foreclosures rise.

CNBC’s Diana Olick reports that mortgage modifications geared to help distressed home owners continue to fail while home foreclosures continue to rise. Some may think that this is because home loan modifications are dwindling in number, the real case is that many borrowers do not qualify and the banks prefer to push these loans to foreclosure. The hard truth is that with the delinquencies in the millions and the loan modifications only in the tens of thousands, we know that the vast majority of troubled loans will go to foreclosure.

At John Brady and Associates, we understand the frustration that homeowners have with the loan modification process. We talk with clients every day that need help and we deliver. We have had clients who were in their loan modification process and still receive a foreclosure notice from their bank! You can possibly save your home and clear all if not most of your debt under a Chapter 13 filing. Our dedicated attorneys and staff are ready to answer any questions for concerns you may have. Call our offices today at 800-281-3733 or visit us at www.californiabankruptcygroup.com.