106df5f8_ons_to_stay_out_of_foreclosure__3
[0] Loan Modification [1] Permanent Change in terms of the loan - the debt is included in the loan balance and reamortized at a reduced interest rate. [2] Suffered verified loss in income or increase in living expenses but have stable surplus income to help pay at the modified rate and terms. Borrower should remain as the occupant and property should be the primary residence. Borrower having loan at above market rates, lower loan-to-value ratio, and mature terms (loan paid down for 10 years or more). Someone who isn't delinquent but may soon default on the loan. [4] Property should be in good physical condition; otherwise costs to complete repair work will drain out enough cash and borrower won't be able to make payments under the modification. [3] 
Behind on payments for 3 months or more and 1 year has passed since the loan was signed.
Loss Mitigation options to stay out of foreclosure
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