If you’re weighed down by foreclosure, a loan workout may be just what the debt doctor ordered to help put your loan back on track and avoid protracted litigation. A loan workout is plan of how to restructure debt in the face of foreclosure. It is also called loan modification or mortgage modification. In loan workouts, the home owner sits down with the lender to discuss modification of terms to the loan in order to make monthly payment minimums and sidestep foreclosure. George works hard to allow the parties to mutually agree on modified loan terms for the loan workout to be successful.
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