A MODIFICATION WILL CHANGE THE EXISTING MORTGAGE NOTE AND GIVE THE HOMEOWNER A FRESH NEW START IN MANAGING THEIR LOAN.

MODIFICATION MAY INCLUDE SOME OR ALL OF THE FOLLOWING:

FORGIVENESS OF LATE PAYMENTS

INTEREST RATE REDUCTION TO CURRENT OR BELOW MARKET

ARMS CONVERTED TO LOW INTEREST FIXED RATES

PRINCIPLE BALANCE MAY BE REDUCED TO CURRENT MARKET VALUES (MAY!)

EXTENDING THE MORTGAGE TERM / TIEING LATE PAYMENTS INTO BACK END OF LOAN TO MAKE HOMEOWNER CURRENT.