President Barack Obama revealed plans for a bank bailout in 2009. Homeowners looking to re-finance their loans can take advantage of this policy. This is an opportunity to modify the specifications of loans already in existence. The loan terms are adjusted by the bank to accommodate the client's difficulties in remunerating the loan.
loan mods
If you are in foreclosure and have high mortgage payments, a loan modification may be a blessing for you. You may qualify for a loan modification and relieve yourself of a lot of misery being in foreclosure.