What is a mortgage loan modification?

POSTED BY jerjer77 on Feb 11 under What is a Loan Mod

If you’re like millions of other homeowners today you’re probably having trouble making your mortgage payment. Are you behind in making your mortgage payment? Has your mortgage company or loan servicer contacted you about your mortgage payment being late? Have you received notice that your mortgage company or loan servicer has started the foreclosure process on your home? If you answered yes to any of these questions then a mortgage loan modification program may very well be the solution you’re looking for to stop foreclosure on your home and allow you and your family to remain there.

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