The Bains

A loan modification is a permanent change in one or more of the terms
of your loan. Brings you a fresh start and resulting in a payment that
you can afford. The sole purpose of a loan modification is to enable the borrower to meet the terms of the new loan for the foreseeable
future. Does require diligence with the paperwork with your lender &
about 27% have not proceeded & more seems to be dropping out. You
must be prepared to make 3 payments on time during the procedure.