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Does it still sound too good to be true? A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.With foreclosure reaching nearly historic levels, the bank is truly not interested in adding your home to the ever growing list of foreclosed properties. The bank is, however, interested in collecting on your loan. The nation is educated now and is aware of the preditory lending techniques used by many brokers and banks to obtain mortgages for those people who … (1 comments)
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