A loan modification amends the original loan agreement. The terms of the modification must be agreed to by the parties.
Real Estate, HOA & Bankruptcy Issues
Motion for Relief – “Show Me the Note” and other issues
What is a trustee’s sale? A lender uses a trustee to collect the money they have invested in the property by selling the real property at a public auction. If others bid at the auction then the lender is paid. If there are no bidders, then the lender becomes the owner of the property.
HELPFUL QUICK LINKS
© Copyright - The Law Office of D.L. Drain, P.A., Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney | Website