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Loan modifications allow the bank to make loan payments more affordable for borrowers. They may change interest rates, loan terms, loan balances, or other parts of the loan agreement.
Loan Modifications are changes to your loan agreement. Your payments get more affordable, and you don't have to default on your loan. Banks choose to offer loan modification programs because it is easier and cheaper to work with you than to go after you.
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∙ 9y ago
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Are loan modifications recorded in counties?
YES...
Do you need to have a license for loan modifications?
yes
Can you do a loan modification after a foreclosure?
Have you just received a notice of default or has the house actually been foreclosed on? Loan modifications are something you do to try to avoid foreclosure. Depending on your situation, you may want to consult a loan attorney who specializes in loan mods. I've heard The Castle Law Group is supposed to be excellent. Their website is http://www.castlelawgroup.com. It's actually really informative and explains what loan modifications are and how they work.
Can you have two mortgage loan modifications in two years?
It depends on your contract. You need to contact your lender.
Where do you get training to be a loan modification consultant?
First, it is important to check with your state and determine if there are licensing requirements. Most states now regulate who can do loan modifications for compensation. This is due to the recent rise in loan modification scams.
Are loan modifications recorded in counties?
YES...
Do you need to have a license for loan modifications?
yes
Is USDA doing loan modifications to help stop foreclosures?
Yes. The USDA have some modifications and actions done to prevent and stop foreclosures.
Can you do a loan modification after a foreclosure?
Have you just received a notice of default or has the house actually been foreclosed on? Loan modifications are something you do to try to avoid foreclosure. Depending on your situation, you may want to consult a loan attorney who specializes in loan mods. I've heard The Castle Law Group is supposed to be excellent. Their website is http://www.castlelawgroup.com. It's actually really informative and explains what loan modifications are and how they work.
Can you have two mortgage loan modifications in two years?
It depends on your contract. You need to contact your lender.
Where do you get training to be a loan modification consultant?
First, it is important to check with your state and determine if there are licensing requirements. Most states now regulate who can do loan modifications for compensation. This is due to the recent rise in loan modification scams.
Can you file for bankruptcy while getting a home mortgage loan modification?
You cant have both concurrently. I know most servicers and Fannie guidelines for loan modifications do not allow a loan modification while in Bankruptcy. There is a bill floating around congress that would allow Bankruptcy judges to do cram downs and modifications of loan term in Bankruptcy court. This would be the most practiable way, However there is a huge lobby for the banks that dont want this bill passed. Do the mod, then file the BK. I'm assuming your filing a Chapter 13? You did not specify in your question.
What changes or modifications do you think can be brought about in your job to make it more interesting?
sleep with your boss!
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
How do you loan players on fifa 11 ps3?
I think you can only loan in players that are put on the loan market. Otherwise you have to buy them!;)
Who can loan you 10.000.00?
i don't think anyone will loan you $10,000.00! only if you know someone rich that is willing to loan you money!
Can an equity loan be refinanced?
no i do not think so
