[tag]Loan modification[/tag] represents just one approach that [tag]mortgage servicer[/tag]s can use to stem the [tag]tide of foreclosures[/tag]. Other techniques include: Repayment plans that reduce unpaid balances over time through small, regular add-ons to borrowers’ [tag]monthly payments[/tag]. [tag]Forbearance agreement[/tag]s whereby principal and interest payments are reduced or even suspended for a period of time, enabling the borrowers to get their finances under control. Then the regular payments resume, along with gradual reimbursements of balances in arrears. Mortgages For Dummies, 2nd Edition

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