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Why will the lender agree to a mortgage modification?

April 26, 2017agree Lender modification mortgage

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Why will the lender agree to a mortgage modification?

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Today’s financial crisis has forced lenders to reevaluate the way they work with homeowners. If you or your family are facing hardship and are unable to make regular payments it is in the lender’s financial interest to make reasonable concessions on your loan to allow future timely payments. This is especially true if the property has little or no equity due to substantial price declines.