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loan mod faqs: Modify My Mortgage
- 09/24/10 04:38 AM
Modify My Mortgage
Q. What is foreclosure?
A. Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to … (3 comments)
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loan mod faqs: Loan Modification Frequently Asked Questions
- 09/02/09 06:37 AM
Loan Modification Frequently Asked Questions Loan Modification Frequently Asked Questions and Answers:
I have compiled questions & answers for the public so that you can determine if Loan Modification is the route for you to take.
Q. What is foreclosure?
A. Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all … (22 comments)
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