Cobb County Loan Modification
There are circumstances when a bank will work with troubled homeowners in Cobb County to change the terms of their mortgage to get them through their time of crisis.
If a homeowner is facing an increase in their payment due to a mortgage rate reset and is not capable of paying the higher payment, the bank may lower the reset rate or extend the term of the loan to keep it affordable. In some cases, banks may lower the amount of the loan all together. Many banks in Georgia will work with their current customers to keep them in the home. Taking the home back in foreclosure is the last thing banks want to do. It costs them far too much money.
Click Here for Additional Information on the "Making Home Affordable" Finanacial Stimulus Plan