Many homeowners are just not able to make their monthly payments and are receiving foreclosures notices left and right. They do everything they can from calling their bank, borrowering money from friends and even their credit cards and retirement.
Bank Executives are receiving bonuses while loan modifications thru Making Home Affordable and HAMP are still not meeting government expections by banks.
As a homeowner, to qualify under making home affordable (MHA) or HAMP, the home must be a primary residence for one. Secondly, you do not have to be behind on payments but must show why you are unable to make your monthly payments.