What Is Loan Modification?

A loan modification is a permanent change in one or more of the terms of your loan, and results in a payment that you can afford.  The sole purpose of a loan modification is to enable the borrower to meet the terms of the new loan for the future.

Our attorney based team will analyze your current situation and provide a workable plan that is acceptable to both you and your lender.  Convincing a lender to do a loan modification is not easy.  You must demonstrate to the lender that it is in the lender’s best interest to modify your current loan. To do this, the loan modification package must be professionally presented according to strict guidelines and delivered to the correct personnel at your lender. 

Possible solutions with a Loan Modification:

Eliminate late payments and penalties

Stop the foreclosure process

Lower your current interest rate

Lower your payments

Modify your adjustable rate to a fixed rate

Reduce the balance of your loan

A lawsuit brought against your lender

Forbearance agreement