Is a loan modification good for stopping a foreclosure?
I have about three weeks left — according to my bank — before they put my house up for auction in a sheriff’s sale. So I’m basically down to having no options left to avoid this foreclosure and save my home. I saw a couple videos on the Internet last night that recommended looking into a mortgage loan modification, but I’m not sure how that’s any better than some of the other options I’ve tried that haven’t worked. Don’t get me wrong, I definitely want to exhaust every single possibility, but if this is just going to be another waste of time, why bother?