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The mortgagor must be 62 days delinquent (3 full payments due and unpaid) or more. (May not apply to all lenders. Call to pre-qualify.) |

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Default MUST be due to a verifiable loss of income/ increase in living expenses/death or illness/divorce/military service. |
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Loan modification may be in foreclosure when executed. |
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Mortgagor has stabilized surplus income sufficient to support the Loan Modification mortgage. |
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Does not have another FHA-insured mortgage. |