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It is Getting Harder To Modify

by | May 20, 2010 | Mortgage Modification | 0 comments

Lenders are starting to require income verification before putting borrowers into trial payments.

Lenders are tightening modification requirements and turning down more applicants.

Lenders are refusing to grant principal write-downs.

Generally speaking, it is getting harder for borrowers to push their modifications through.

Read with Martin Andelman has to say about the situation.

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