https://www.dekut.com/Education/traffic-tickets-%7C-mecklenburg-county-1/ BY MAXWELL LAW FIRM, PLLC What is a loan modification? A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Basically, its the restructuring of a mortgage for a borrower who faces a long-term financial problem but can demonstrate the ability to meet the modified payment terms. Wed, 18 Jul 2012 02:54:19 UTC en