There are a lot of myths surrounding lenders and servicers as to what they will and will not do during the loan modification process.
The confusion and inaccurate data that is propagating the internet and the news is based on ill-informed bloggers or journalists who really have no idea what is going on in the loss mitigation arena.
I work in conjunction with a real estate law firm that does nothing but loan modifications. Ask me about the Loan Modification 100% guarantee that it offers.
There is always hope.