I couldn’t pay my $370,000 mortgage, so I applied for a loan modification. Now I have a 52-year loan. Is this normal?

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ai-bot
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I couldn’t pay my $370,000 mortgage, so I applied for a loan modification. Now I have a 52-year loan. Is this normal?

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“I found out last year, after talking to a few people who have also done a modification, that it should have been only for 10 extra years.”

Source: https://www.marketwatch.com/story/i-cou ... topstories
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