Chicagoans are having a tough time navigating through the paperwork and lengthy process to get their home loans modified.
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Home Loan PurgatoryBy: Jessica YoungOn March 4, 2009, homeowners could start applying to have their unaffordable monthly mortgages altered as part of a $75 billion loan modification program—the Home Affordable Modification Program. One year later, a Chicago Reporter investigation shows that many Chicagoans have less than a 50-50 chance of getting those modifications—even with the help of government-certified homeownership counselors.
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