You may have heard a lot about loan modifications recently. You may have even started thinking it sounds like an excellent way to save your home from foreclosure.

Lending institutions have a set of rules and regulations that they are required to follow to ensure fair loan disbursement. These guidelines are RESPA (Real Estate Settlement Procedures Act) and TILA (Truth in Lending Act).

Recent advances in technology have helped to streamline and improve the lives of people all over the world...