Loan Modification Frequently Asked Questions

Posted in: Lending, Loan Modification, Loan Modification, Mortgage- Dec 26, 2012 No Comments

Whether it’s called a loan modification, mortgage modification, restructuring, or workout plan, it’s when a borrower who is facing great financial hardship, having difficulty making their mortgage payments and is facing foreclosure, works with their lender to change the terms of their mortgage loan to make it affordable. The workout plan varies by lender, but [...]