I see advertisements all over the Internet trying to get me to take advantage of the government mortgage relief plan by getting a Loan Modification. It got me curious about the success rate of this program and what the chances are of having a successful Loan Modification.

Alan Zibel, a Real Estate writer for the Associated Press, wrote a report a few days ago that looks at these questions. He made some interesting discoveries. You can read his full report here: Loan Modification So Far. He found that only 4% of homeowners who have attempted to get a loan modification have succeeded. Of course your odds of getting a loan modification largely depends on who your lender is.

To explore this Mr. Zibel looks at the numbers for Bank of America. He first

Warm up the cold months by buying or selling a home in a Hot Spot!

These area codes and price ranges have had high demand in recent months. They have seen more homes sold while other areas have been slower to recover. Economic growth starts in Hot Spots and then spreads to other areas of the valley. Purchasing a home in a Hot Spot will give you a front row seat to economic recovery. If you live in a Hot Spot it is a good time to sell because the demand is high so you can sell your home quickly and for top dollar.

1. Salt Lake City &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp Zip 84108 &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp Price Range: $100K - $200K

Sales History &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp Map of Homes for Sale

2. Kaysville &nbsp &nbsp &nbsp