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Foreclosures - Is HAMP Working?

By Susan Barnett

http://stream.publicbroadcasting.net/production/mp3/wamc/local-wamc-858354.mp3

Hudson Valley, NY – According to an industry magazine, foreclosure rates are still rising but efforts to forestall those foreclosures are starting to work. If you're a homeowner trying to get into the federal Making Home Affordable Program, you may be having a very different experience. Hudson Valley bureau chief Susan Barnett reports that agencies trying to negotiate loan modification are finding it can be an exercise in frustration.