Unmodified: "Making Home Affordable" Program Fails to Address Foreclosure Crisis
Irene Florez: Making Home Affordable is a key part of the Obama Administration's effort to help homeowners avoid foreclosure. If you are struggling with your monthly mortgage payments or if you have already missed a payment, now is the time to take action and apply for HAMP the Home Affordable Modification Program (HAMP). But what if taking action means butting up against a system that repeatedly loses your paperwork and often starts the foreclosure process without your knowing it?
She remembers the details of every letter with a lover’s compulsion. Flipping through the faxes, call logs and notices in her amassed document binders she looks up somberly almost reciting the circumstances. This is the story of one woman, a single mother, who is facing foreclosure.
For the last three years, Ana Romero has wrestled with the largest behemoth banks, waging the kind of drawn out David and Goliath battle that leaves insomnia, hypertension and lachrymose reflection in its wake.
When Romero purchased her San Francisco home seven years ago the monthly payments were reasonably covered by her two income household. Divorce changed all that. With only one income since 2008 Romero has not been able to meet her monthly payments.