Monday, June 29, 2009

More lenders allow 'early workout' loan alterations (Los Angeles Times)

Homeowners in financial trouble no longer need to miss two to three months of payments before their mortgage companies can modify their unaffordable loan terms. Here's some good news for homeowners facing tough financial times: You no longer have to miss two to three months of payments before your mortgage firm can modify your unaffordable loan terms.

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