Here’s What You Need To Know On State Loan Modifications
To modify existing home mortgages in your state, you need to first determine if the kind of foreclosure processes provided in your state is of:
Judicial type which are regulated by courts OR
Non-judicial type that are not regulated by courts
Few states permit both these procedures and lenders could use either of the options to foreclose upon homes. However, loan modification processes are slated to remain similar in all the states.