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Loan Modification
: Mortgage Lender Implode-o-MeterUnderstanding mortgage loan modifications
By Implode-Explode Heavy Industries
For homeowners struggling to make their mortgage payments, a mortgage loan modification could be a way to stave off foreclosure.
With a mortgage loan modification, the lender makes a permanent change to the original mortgage agreement so the homeowner can continue making monthly payments. There are several different ways a mortgage can be modified.
Full post as published by Mortgage Lender Implode-o-Meter on March 25, 2010 (boomark / email).
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