I’m curious how the high end is doing with loan mods.

Anecdotal – the house I’ve been following… bought in 2005 for 1.2M. NOD filed in Oct. 2009. NOT filed in Feb 2010. Put up for short sale in April 2010 – went contingent then pending pretty quickly.

But… the owner has couple of liens (tax and absentee judgment) so I assumed the short sale would not go through.

3 trustee sales postponed. Final one (end of June) shows the status as cancelled… so I assume the owner got a loan mod. But the NOT still shows (with no rescission.)

The outstanding debt was over $1M – so he didn’t qualify for HAMP based on loan size alone. Are banks offering loan mods to folks with that size loan? I guess they must be.