Saturday, February 18, 2012

What Not to Expect in a Loan Modification

While it is true that a loan modification can give a person a number of different benefits for handling one's mortgage loan the truth about this is that some things cannot be handled in a modification. Here is a look at a couple of things that a person should not expect to find or see when getting into a loan modification.A loan modification may not work with a principal reduction that involves having some of the principal that a person owes on the loan. The principal reduction will cause

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