Are Loan Modifications Better Than Short Sales?
by Kurt NovakConsumers need to be aware that there is a big difference between getting a loan modification and going through a short sale. Both of these methods may help a homeowner avoid foreclosure. They are taken care of through assessment and approval in the loss mitigation department of your lender. However, they will not have the same result with respect to your financial situation.When you are considering a loan modification the bank will try to modify some of the conditions of your origi
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Tags: Bank, Credit, Home, Loan