Can anyone explain loan modification to a total dope?
You know those “For Dummies” books? Well I wish someone would write one on load modification, because I have absolutely no idea how this whole process works. What’s worse is that someone actually tried to explain it to me, and I think they did a pretty good job. But what I don’t get is why a bank would do a loan modification in the first place. It can’t be out of the goodness of their heart. I guess it’s because they can’t handle the rash of foreclosures that are going on right now and are being forced to do something they don’t really want to do.
