Clifford Rubenstein Law Blog

In a mortgage foreclosure if the lender offers a homeowner a 3-month trial modification payment program agreement, the agreement MUST guarantee specific permanent loan modification terms at the end of the 3 month period.  Otherwise the homeowner has no assurance that he/she will be able to afford the permanent modification because there is no agreement that the permanent modification  payments will be the same as the trial period modification payments.... Read More