What is the difference between a mortgage modification and foreclosure defense?

In California, a mortgage modification and foreclosure defense are two key aspects of foreclosure defense law. Mortgage modification is a process in which a homeowner can negotiate with their lender to lower their monthly payments. This can be achieved by reducing interest rates, reducing the principal loan amount, and extending the repayment term, among other modifications. Mortgage modifications are voluntary agreements between the homeowner and lender, and must be approved by the lender. Foreclosure defense, meanwhile, is a legal process intended to protect homeowners from foreclosure and repossession of their home. Typically, foreclosure defense involves arguing that the foreclosure process was handled improperly and that the foreclosure should not have been allowed to happen. This could include issues related to loan servicing, fraud or failure to modify a loan agreement. In short, mortgage modification is a voluntary agreement between a homeowner and their lender, while foreclosure defense is a legal process intended to protect homeowners from foreclosure. Both processes are essential parts of foreclosure defense law in California and can help homeowners stay in their home.

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What is the difference between a mortgage modification and foreclosure defense?

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