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What will happen to the equity of your house by 2-4 years from now if the home was loan modified today?
Posted on July 17th, 2010 2 comments
jacque1016 asked:
Example: Previous value of house $300K and currently paying in mortgage, current value $200K and applied for loan modification, after 2-4 years from now $400K. Will the $200K additional value be considered as equity or AUTOMATICALLY be added in the owners debt/mortgage?
Anne