The Lowdown on Loan Mods
By Melanie Finkelstein, Attorney, MRG
With today’s economy causing a decrease in property values, loan modifications now outnumber refinances and have become the norm – whether under the Homeowner Affordability and Stability Plan or through a management program. In light of this upswing of loan mods, mortgage professionals need to keep the following tips in mind when creating loan modifications.
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