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Modifying a Real Estate Loan

Answered by: 

Question: 
Can a real estate loan be modified with a higher rate and escrows, when the loan has not performed as agreed?
Answer: 

Review the note and mortgage (and security agreement if applicable). The documents should spell out default interest and timing and bank's right to require escrow.

First published on BankersOnline.com 10/04/10

First published on 10/04/2010

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