How does owning multiple properties impact loan modification success?

Loan modifications are uncharted territory and as a result there is no map or guidelines that can guarantee modification success. Because lender policies change daily this poses a number of obstacles for the borrower. However, one obstacle that continues to impede loan modification success is when the borrower owns multiple properties. There are a number of loan modification programs being introduced by the Obama administration, however, they only apply to those borrowers who have one property that they are occupying. According to the lenders borrowers with multiple properties have the resources to earn a rental income or sell the property. Unfortunately, many borrowers are stuck with a mortgage on a rental property that is larger than what they receive in rental income. Sadly to say loan modifications are a rarity for borrowers with multiple properties.