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What are the chances of getting a loan modification if a Notice of Default has already been received?

April 26, 2017Default loan modification Notice received

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What are the chances of getting a loan modification if a Notice of Default has already been received?

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A mortgagee’s chance of getting a loan modification diminishes after a Notice of Default has already been served. This notice is usually served after a loan has been in default for over 90 days.