Yes, you can get a loan modification on a second home or a rental property. However, each lender and investor has their own guidelines and the “Obama Mortgage Plan” is only for primary residences. When attempting a loan modification on a second home or a rental property it’s hard to determine the outcome.
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This article is right on and cuts through the drivel that you see when people are just trying to get you to do something they want you to do. Thanks for posting useful illumination on a topic that doesn’t get enough of it.