With growing number of foreclosures, banks and mortgage lenders are starting to consider allowing borrowers, especially those prone to resetting mortgages and facing foreclosures, renegotiate to modify the loan terms of their existing mortgages.
In conjunction with the Federal Reserve's action to allocate funds to take over potentially bad mortgages from banks and other lending institution, Freddie Mac may now buy modified loans from banks.
YOU MUST ACT BEFORE FORECLOSURE.
Borrowers must act before foreclosure steps are taken by the lender. McCormick & Co. Homes and Loans can help you renegotiate your mortgage and possibly save your home from foreclosure.
To find out if you qualify, call the office of Marty McCormick.