A lot of homeowners who are having difficulties could be eligible for an Entrust loan modification without realizing it. A loan modification is helpful for you but less helpful to the bank in the beginning, because they lose money on the initial mortgage. It should be obvious that banks will make every effort to hold their borrowers to their original conditions. Eventially, on the other hand, default and the foreclosure process become inevitable. If this is the predicament you’re in, you should think about a loan modification. (more…)