Mortgage Remodification = BS

I'm not sure if anyone else has seen the effects of this, but I work in the industry and everyone that I see who has participated is screwed. They try to refinance after the modification and since they have been instructed NOT to pay there mortgage for 3 months they end up completely screwing their credit score and then have to wait to refi because their credit report shows there mortgage has been late too many times and that they have past dues to pay now. I would suggest trying a rate/term FHA refi or a DU refi plus if the appraised value is a concern. Just attempt the refi before its too late, you have nothing to lose.