Help Homeowners Avoid The Loan Modification Trap [InfoGraphic]

Day: February 22, 2013

Help Homeowners Avoid The Loan Modification Trap [InfoGraphic]

  Most loan modification programs focus on making payments affordable for the short term instead of reducing the borrower’s principal to eliminate the burden of negative equity (when what is owed on the house is more than its value). What is a Loan Modification? According to HUD, a loan modification “is a permanent change in…  Continue Reading

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