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NAPA REAL ESTATE-MODIFYING MY MORTGAGE
NAPA REAL ESTATE-MODIFYING MY MORTGAGE 
Due to recent economic events, many find that they are having difficulty keeping up with their current mortgage payments.  Given the fact that many will soon see low or no interest rate mortgages adjust up, they are knowledgeable that they will not be able to afford their mortgage payment.
Enter the loan modification.  LOOK OUT!!!!  A loan modification promises under the HAMP or HAFA programs to lower your monthly payment to one that meets your current economic situation.  First ask yourself, why would my bank really want to help me?  Most would say, because they do not want me to foreclose, they get nothing.    Banks know how to protect their investments; they most likely have insurance that you are unaware of.
A loan modification sounds like a good idea.  So did that adjustable arm or no interest loan or that stated income loan.   A stated income loan is where you work at Mc Donald's and make $150K a year as the head French fryer.  Most were just too good to be true. 
Okay, so let's say you said you made $150K when you really only made $30K.  So now you need to do a loan mod.  ... more

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