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Prospect of a loan modification before foreclosure, new rules in 2014 could protect you

Prospect of a loan modification before foreclosure, new rules in 2014 could protect you

Since 2008 many homeowners watched as property values plummeted.  During this time, many homeowners were also saddled with second mortgages and/or adjustable rate mortgages, where their mortgage rates had adjusted upwards.  With most banks requiring as a condition of refinancing that the property not be under-water or have a higher loan balance than the market Read More