Why more widowed homeowners are struggling to prevent a foreclosure – Sequeira hoped a loan modification might save him. including the right to sue to stop a foreclosure or for economic damages after one occurs. The bill, SB-1150, by Sen. Mark Leno (D-San Francisco).
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Loan modifications are when the lender agrees to adjust the terms of your loan to lower the payment, rate, loan amount, or some combination of these factors to make the loan more affordable to you. The Making Home Affordable (MHA) Program is a government initiative that offers loan modification programs to help homeowners avoid foreclosure.
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