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Loan Modification

: The Truth About Mortgage.com

Michigan Homeowners to Get More Time Before Foreclosure

By scot184

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The Michigan Senate yesterday unanimously approved a measure that would give struggling homeowners in the state more time to negotiate with their lenders before losing their homes to foreclosure. Under the new legislation, the lending institution that holds the mortgage will be required to send a written notice to borrowers before foreclosing on a principal residence. In [...]

Full post as published by The Truth About Mortgage.com on May 20, 2009 (boomark / email).

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