I need grammatically correct error free rewrite.
please provide rewrite this text for an example.
my budget is $30 for this project.
Loan modification is one of the fastest growing businesses in the financial sector. There is a framework
that is being added by financial regulators due to the fact that most lenders would have never considered modifying a loan in default. The process of the banks usually is to foreclose, and the homeowner would lose their house.
What should owners of homes know about dealing with today’s economy? The words “Short Sale”, “short refi”, “Loan Mods” and “Loan Mortgage Modification” are new terms that homeowners never thought they would need to hear or understand in order to possibly save their homes or their credit. No one planned for such a drop in home values. With all the new terms and with all the severe changes in this economy, it is no wonder that homeowners fear doing anything when they are faced with financial hardship.