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Loan modification is a process whereby a homeowner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage.

These programs may sound good on paper, but the reality is that the vast majority of loan modifications DON’T WORK. Many homeowners spend months working with a lender, and if satisfactory outcome is not achieved, they are put in a time bind with their foreclosure process.

To get more information about loan modifications and your other options, request our special report.

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