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Updated over 8 years ago on . Most recent reply
State regulations and Loan modifications?
On the subject of non performing notes, When discussing and implementing a loan modification with the borrower, are there usually state laws or regulations (In general and/or at all) that come into play and how much do they affect loan modifications or if at all? does it widely differ regarding which state the property is in? and if so, where can you read these regulations?
Most Popular Reply
Yes. Check with the State regulator for mortgage activities and also the NMLS for the Statecthe property is in.