Banks do not want to deal with foreclosure proceedings anymore than you do! The process is extremely lengthy and the costs associated with foreclosure are a burden to all parties. Homeowners often have difficulty receiving a loan modification. Regardless of where you are in the foreclosure process, our dedicated attorneys at Alliance Legal Group are here to help you try to obtain affordable terms and payments.
You can usually receive greater flexibility from the lender when trying to modify the terms of your loan. Banks can offer more affordable rates when modifying your mortgage loan. These modifications are administered to offer you greater affordability. Interest rates, late fees, penalties, and principal are all factors to consider when looking into loan modification.
You must remember that loan modifications are not easy to obtain. Many people assume it‘s as easy as applying with the lender; that is not true. If you do not have the knowledge or resources, it can be difficult to succeed in modifying your loan. Do yourself a favor, get informed! The biggest reason your loan modification would be denied is because you don’t have all of the information and are unable to structure a credible case for modification.
Alliance Legal Group can help you structure your proposal properly as part of our foreclosure defense services. Our attorneys will help you with the following:
- Develop the best possible strategy for a successful modification
- Fight your foreclosure if possible to allow time to negotiate a loan modification
- Examine your documents to identify potential pitfalls
- Discuss best and worst case scenarios so you are fully informed and prepared
If foreclosure is becoming more of a possibility, you need to act quickly. Contact an Alliance Legal Group attorney today.