At the office of Paul Staley, we offer you a free consultation if you are considering a Loan Modification. During this legal review, a lawyer will review your options that are available to you. In these confusing financial times, it is difficult to know what to do next or what your options are. If you are facing the possibility of foreclosure because you have fallen behind on your mortgage payments, it is important that you act quickly. For many, a loan modification might be just the answer. If you call us we will set and appointment and have a lawyer review your financial choices, what ever those might be.
What is a loan modification?
A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. These days that can be due to job loss or a sub prime mortgage readjustment. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and fixing the rate for a certain amount of time. Due to recent legislation the option on these modifications are numerous and varied according to your financial status and who holds your loan. The earlier you get started, the better your chances are of negotiating a fixed rate and a payment that you can manage. Waiting leaves you less room to move through this financial problem.
Your Lender won't respond or Listen to you.
Lenders and their employees are very busy with desperate homeowners trying to save their homes from foreclosure. Unfortunately, they do not have the manpower or the capabilities to save everyone. Many people are simply getting lost in the system and suffering an unnecessary foreclosure, when they could have worked it out with their lender if we had been in more normal financial times.
However, when a lawyer is involved, it seems as if the calls start to get answered and the letters responded to (no one likes getting calls from a lawyer.) Often this can make the difference between saving your home and losing your home.
If you are considering a loan modification or other options to put your financial problems behind you, call us. You will speak to a lawyer, who will but all your options on the table, then you can decide what your next step will be.
