The real estate sector is encountering exceptional difficulties in this era of high interest rates and high—though seemingly abating—Inflation. In a distressed real estate market, owners and lenders ...
WASHINGTON -- Having trouble paying your mortgage? To find out if you qualify for a loan modification, you'll have to work with a loan servicer -- the company that collects your mortgage payments. But ...
If you're struggling to make your monthly mortgage payments due to financial hardship, a loan modification could provide much-needed relief. A mortgage loan modification is a permanent change to your ...
Although not yet adopted by any state, the Uniform Mortgage Modification Act aims to clarify and simplify the law governing mortgage modifications by creating brightline safe harbors for common ...
A common, and a venerable, question when modifying a mortgage loan — should the mortgage lender record the modification of the mortgage in the land records? Recording a mortgage serves two primary ...
If you're among the millions of homeowners struggling to keep your house, Andrea Coombes offers advice from homeowners who've already gone through the sometimes grueling government-assistance process ...
Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...