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Tag: Loss mitigation

Home Loan Modifications And When To Secure Them

With the current ecomony, more and more people are seeking home loan modification to try to relieve the building debt. While certainly a home loan modification can be a huge help to a struggling homeowner, there are also times when it is not a good fit. Knowing the difference between these situations is at the core of home loan modifications. Home loan modification is when the bank or lender adjusts the loan terms or balance so that the homeowner can more easily afford the payments. Sometimes they will adjust the interest rate, and sometimes they will extend the life of the loan to lower the payments. On rare occasions, they will forgive a portion of the principle balance as a home loan modification.

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Seattle Short Sales Information

Searching for a good resource for Seattle short sales? If that is so, then look no further than the TNFirm internet site of Advantage Commercial Brokers. Specialising in foreclosures and short sales in Washington state, TNFirm possesses a wealth of advice and strategies for householders that perchance confronting foreclosure or requiring to learn more about the short sale procedure in general.

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