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Loan Modification Frequently Asked Questions
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 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 state, which determines how long the foreclosure process can take.
Q. What can loss mitigation do for you?
A. The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history.
Q. How do we stop foreclosure?
A. Our Attorneys specializes in resolutions of mortgage delinquencies or ... more

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