mortgage

5 steps to a successful loan modification

5 steps to a successful loan modification
5 steps to a successful loan modification

A loan modification is often the last, best hope for millions of Americans in danger of losing their homes to foreclosure.

The way you prepare for and execute the application process will have a huge impact on how successful your request is likely to be.

Heed the advice of a trio of housing counselors who have spent countless hours laboring to make sure financially troubled homeowners get fair, sustainable loan workouts. The following five steps can put you on the fast track to keeping your house.

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