Don’t think you avoid a foreclosure if you start getting behind on your mortgage payments? Well, banks are willing and sometime eager to modify your mortgage instead to avoid foreclosing on you. Jim Richman, the former commissioner of HUD and now president of Richman and Associates which specializes in restructuring mortgages, and Keith Kelly, president of www.Modifymyloan.com, explain exactly how the loan modification process works in this exclusive interview.
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