There is no easy answer for the loan modification procedure, but your first step is to have a hardship. This is a good time for homeowners in distress to get information from reliable sources. This can be the difference between keeping your home and losing it. When homeowners are not informed about loan modification procedures, they tend to speak to poorly informed loss mitigation departments. If you do not have well informed assistance on your side you may continue to be a victim of the foreclosure crisis. Some people who are in foreclosure cannot get a loan modification in most cases, primarily because they cannot afford their payments under any circumstances. If this is you, then will you need a loan modification with a rate decrease to reduce your payment? Here is what you will need to know. Most investors do not allow loan modifications and lower payments. The reality of the situation is that mortgage companies and their investors are only concerned about making a profit. You will
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