Tag Archive: Loan Modification Trial Plan

Trial Modification and Refinance Can Lead to Foreclosure

Trial Loan Modification

Homeowners that never missed a payment are facing foreclosure according to recent news stories published in MPR News and MSNBC. According to MPR News, John Chun refinanced his house in 2006 at an adjustable rate, without realizing that the rate was adjustable. This resulted in an increase in mortgage payments to the point where the …

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