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Loan Modifications

Submitted by on Tue, 11/25/2008 - 21:23
Posts: 202330
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What is the best way to go about modifying a loan? Should I contact my lenders directly and tell them that I will default if they do not modify or should I ask them without threatening them? What would be the best approach? I am current on my mortgage. Please give me some tips on the process of loan modifications. Thanks to all who read or answer....