By: beachdude

beachdude — Tue, 21 Apr 2009 03:56:20 +0000

A Mortgage Modification is a process whereby a home owner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage.

The most common mortgage modifications are listed below:

lowering the mortgage interest rate
reducing the mortgage principal balance
fixing adjustable interest rates within the mortgage
increasing the loan term throughout the mortgage
forgiveness of payment defaults and fees
or any combination of the above

Check out this public service site at http://mortgagemodificationinfo.org

By: Eska9984

Eska9984 — Mon, 20 Apr 2009 06:56:04 +0000

Very informative …
Very informative video.

Thank you.

Keep them coming!

Comments on: Loan Modification – Part 1: Home Mortgage Bailout – Real Estate Foreclosure Prevention Process

By: beachdude

By: Eska9984