Many Americans are in the process of fighting with their bank or mortgage lender dealing with loan modifications. Most of these Americans are losing too. I have heard many stories about banks never sending paperwork, telling your approved for a program but never actually able to get you qualified. New programs rear their ugly head and homeowners are starting the process over again.
Americans are throwing their hands up and pitching in the towel.
Well, not all is lost and these people do not have to give up. They do have an option. File a complaint with the Federal Trade Commission. The FTC was originally designed to break up trusts during the Wilson years. However, as time has passed, the FTC has stood as the organization that can fight big corporations that have deceptive, fraudulant practices that are unfair to the American consumer. The FTC reported in 2009 that there were a cumulative 32,442 complaints against banks or lenders. These reportings only accounted for about 2% of complaints. If Americans continue to fight the battle and lose against the financial institutions, file a complaint with the FTC and see if they will step in and save the American public from the financial monsters.