Financial problems can occur for many different reasons, including a divorce, the loss of a job, a death in the family or the use of high interest credit cards. When a homeowner has money trouble, it can affect their ability to pay their mortgage which can result in foreclosure. A loan modification is one way to prevent the loss of your house. A home loan can be modified for various reasons, such as you owe more on your home than it is worth, you have an Adjustable Rate Mortgage, you are behind on your payments because of a financial crisis, or you have a high interest rate. Modifying a loan can prevent the lender from initiating foreclosure proceedings. Even after you have received a Notice of Default, there is still time to modify your loan. Modifying a mortgage loan can:
- Reduce your monthly payment
- Reduce interest rates
- Eliminate any accrued interest and past due payments
If you are struggling financially and can't pay your mortgage, an attorney at the Holland Law Group can discuss the loan modification process and how it can be of benefit in your particular situation.
The Holland Law Group can help negotiate modifications to your home loan. We are experienced legal professionals that will seek the best terms possible to prevent the loss of your most important asset.
An attorney from our firm will review your agreement to make sure you were not the victim of a financing scam or other predatory lending practices. We can be depended on for skilled advocacy when negotiating with your lender, and will make sure your rights and interests are protected.
Our firm offers a free consultation to discuss your mortgage situation and how to pursue a loan modification.
Do not hesitate another day, click here to schedule a free consultation or call us today @ 941-306-3601 for aggressive advocacy if you are seeking a modification on your mortgage loan.