Loan Modification Lawyer in Valencia
An Overview of Loan Modification
Loan modification is a process designed to help individuals who are struggling
financially and are no longer able to meet their monthly mortgage obligations.
If you are in danger of losing your home in
foreclosure, contact a Valencia bankruptcy attorney who may be able to assist you
in securing a loan modification in a relatively short amount of time.
In a loan modification (or mortgage modification, as it is sometimes called),
an individual is granted a modification to the terms of their home/property
loan by their lender. The intended result of this modification is a lower
monthly mortgage payment that the individual is actually able to afford.
By securing a loan modification, a homeowner can avoid losing their home
in foreclosure, as well as the possible necessity of filing for
What Happens in a Loan Modification
A loan modification can be done in several ways, including lowering the
interest rate of the loan itself, waiving any fees or penalties that have
accumulated due to late payments, or taking those fees and penalties and
transferring them to the principal balance of the loan. All of these can
result in a lower mortgage payment, or the erasure of a mortgage payment
that has become inflated due to the addition of penalties. At
RJB Law Offices, we have assisted thousands of individuals experiencing financial trouble,
including those facing the loss of their home. Contact our offices right
away if your home is in danger of foreclosure, and we will help you evaluate
all of your available options in helping you save your home.
If you are unable to meet your mortgage obligations and are in danger of
losing your home,
contact a Valencia Loan Modification Lawyer
who may be able to help you avoid the foreclosure process.