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What Happens During Foreclosure if I Try to Modify My Loan?

November 28, 2008 on 12:15 pm | By admin | In Home

If you are in foreclosure and you want a loan modification to help you, it is good to find out in advance what happens during foreclosure if you try to change your loan. There are many things you can do to your loan so that you will not have to go through the foreclosure process.

Most of the time, you can try to negotiate with your bank to alter the terms of the existing mortgage.

The government is trying to help homeowners who qualify for loan modification. However, if your mortgage company is not helping, you might want to seek another bank to help.