To stop rise in foreclosures, mortgage modifications are more common now.
"NEW YORK - As home foreclosures mount, mortgage companies are knocking on doors, sending letters and making phone calls with a simple message for struggling homeowners: They’d rather modify your loan than foreclose." More from MSNBC ...
See also, "Six-month Halt to Foreclosures Urged"
Jennifer Bunker, CRS, GRI
Utah Real Estate Broker
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