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Loan Modification

: Loan Modification & Home Loan News

More lenders modifying troubled home loans by extending mortgage terms to 40 years

By Moe Bedard

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Maria Olmo, 63, doesn’t like her chances of paying off her new, 40-year mortgage. “I’ll die before it’s paid off,” said Olmo, who got her 30-year mortgage modified because she was at risk of losing her home to foreclosure. “This is the most ridiculous thing I’ve heard in years. They didn’t take my age or [...]

Full post as published by Loan Modification & Home Loan News on August 26, 2010 (boomark / email).

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