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LOAN MODIFICATION WORKOUT REQUEST FORM Borrower's Operationrest

LOAN MODIFICATION WORKOUT REQUEST FORM Borrower's Operationrest

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[Music] all right uh loan modification Outlet here we have a former D executive Jeff Morris how you doing today Jeff great Brian thanks a lot how you doing doing good um you know trying to understand these loan modifications um obviously uh you know the Foreclosure rates I guess last year were were up 81% and um you know the lenders obviously are inundated with the you know defaults what why would a lender though I'm still trying to understand why would a lender want to give a person who's late on their mortgage who can't afford their mortgage a better deal I just doesn't make sense to me ple please elaborate on that one well first and foremost there is a lot of pressure from state governments and federal governments uh they do not want people out on the street being homeless um but secondly from a lenders perspective you know if you had a house that you sold for 500,000 and now it's worth 250,000 and if you take that house back you're go

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