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Loan Modification 101 – The Basics

April 12th, 2009 · Comments Off on Loan Modification 101 – The Basics

Image by Getty Images via Daylife Mortgage loan modification, the changing of terms on an existing home loan, is becoming a well-known practice as the US housing market continues to crater. Borrowers who find themselves underwater on their mortgage – owing more than the property is currently worth – and facing a rising monthly mortgage […]

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Tags: Economy · Mortgage Lending