In other words, you can use the» Early Relief»
program before trying the government's Making Home Affordable
program which — if you're successful with a three - month
trial that features lower monthly costs — leads to a permanent
loan modification.
Ten percent of the recent admissions to the
program are still in
trial loan modifications, awaiting a decision on whether they will be approved for permanent status, with another 10 percent having been denied or dropped out of the
program.