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Loan Modifications/Modificacion de Prestamo

A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.

Loan modification has quickly become the best option for homeowners facing home foreclosure. Loan modification is not the only option for homeowners trying to avoid foreclosure due to late mortgage payments. However; it is an option that can save your home while putting you in a mortgage you can afford. So how does loan modification work and who is eligible for a loan modification? Here are some helpful tools and resources below to help you understand your options.

The most common loan modifications involve lowering the interest rate, reducing the principal balance, 'fixing' adjustable interest rates, forgiveness of payment defaults & Fees, or any combination of these. A loan modification can help home owners who can't refinance or afford their current mortgage payments. Getting an approved loan modification for troubled home loans can help stop the foreclosure process.

A loan modification with a loan modification attorney may offer a more favorable loan modification agreement than your mortgage lender will offer you directly. With so many home loans adjusting to higher payments, a Loan Modification Attorney, can modify mortgage loan terms fast and effectively. Obtaining foreclosure help and proper legal advice from a loan modification attorney will get you a better loan modification agreement with your lender and preserve your credit. If you are already behind in your mortgage payments this may help stop the foreclosure process and SAVE YOUR HOME!

A loan workout needs to work for both parties; your lender does not want your home and to go through the foreclosure process. However, they may not want to accept your partial payment and threaten foreclosure if you are late or in default. We offer foreclosure help and advice to homeowners that want to keep their home. .

In many cases we can force the mortgage company to give you more favorable loan modification terms by pointing out truth in Landing Act, Violations (TILA) as well as other violations of State and Federal Laws.