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Joel Owens 
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Joel Owens's Real Estate Articles

Loan Modification - The Panacea For Foreclosure Worries

(January 14, 2009)  In a nutshell, loan modification is an agreement between a mortgagor and lender to re-evaluate and reinstate terms and conditions of the loan. The main goal of this negotiation is to reduce the monthly payments that the borrower can afford. This is considered to be a better solution to avoid the ..


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