LIEB BLOG

How current events impact your business and real estate holdings

Wednesday, March 24, 2010

How many months is a modification?

We were just told by an undercover friend at a local bank that trial modifications are taking between 9 and 12 months to be approved internally. Moreover, her bank will not approve a modification for someone who is not in default. So while a modification may be appropriate for you, it should not be your only option and should be a strategic treatment within a larger foreclosure defense strategy.

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