If you’re in arrears on your mortgage payments and are struggling to make it financially you could need to consider a Loan Modification program. Nearly all lenders require that you be at least 30 days behind prior to accepting a request from a homeowner to modify their mortgage loan. If you’re past or soon to not make your second payment then this is the time to start the process
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Where’s The Bottom?
The mortgage mess that touched off the financial meltdown is far from over, with a second wave of expected defaults on the way that could deepen the bottom of this recession. Scott Pelley reports.
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