20140128_loan_modification
Only Winning Matters

Loan Modification & Foreclosure

A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan and helps make your loan more affordable. Usually it is in the form of a rate reduction, principle reduction and/or a fixing of the rate for a certain amount of time. In the past, this was only used when a borrower was delinquent and suffered a hardship such as a job loss, divorce, illness etc. Now, borrowers can obtain mortgage help from their lender for unaffordable rate adjustments on adjustable rate mortgages or because of significant reductions in the value of the collateral. The earlier you get started, the better your chances are of negotiating a new low fixed rate and a payment that you can manage. Most importantly, our loan work out programs has no impact on your credit score while helping you avoid foreclosure.

We're Here to Help

Our loan modification programs are designed for homeowners, regardless of your equity position. Additionally, if you have suffered a decrease in wages, or divorce and this has impacted your ability to pay your mortgage, a loan modification may be the answer to your mortgage problems. Our law firm prepares a package on your behalf and negotiates with the lender as to what your monthly mortgage amount needs to be in order to maintain the home. We work with your lender(s) to accept a loan modification so you can get a low fixed payment you can afford, avoid foreclosure, and truly enjoy the benefits of home ownership. Foreclosure is not a good option since a foreclosure remains on your credit record for at least 10 years and becomes public record available to everyone, including future employers. Let our law firm help you stay in your home with a loan modification program that will give you new payments you can afford.

Your bank will have to be convinced that you deserve to be approved for a modification. Our law firm works directly with your lender’s loss mitigation department to expedite the process. Our team of real estate attorneys, realtors, mortgage professionals, and loss mitigation specialists with over 40 years of combined experience servicing our clients, work frequently with all of the top servicers, lenders, and banks and leverage these relationships to solve your mortgage problems. Our law firm does our best to make the process fast and easy. Upon obtaining a modification, you will personally meet with a real estate attorney to discuss the terms and conditions to ensure you have a complete understanding of the modification of your loan.

FAQ

Have I got a case?

Let’s talk about it. Telephone our personal injury specialist SliceTheme on 123456789

How much will it cost me to bring a personal injury claim?

In most cases you will pay nothing at all whether your case is successful or not.

Is there a time limit?

Yes. In most cases three years, but there are exceptions. Now is the best time to act.

In most cases? What are the exceptions?

In high risk or complex cases we may agree with you from the outset that a success fee of up to 25% may be charged. This will not be payable if your claim is unsuccessful.

Will I have to go to court?

Probably not. Most cases settle. We often need to issue court proceeding to move matters along but it is rare for a case to go all the way to trial.

Do you have any questions?

We fight to protect your legal rights under the law.
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