There are options! There is hope !
Many times, consumers try to help themselves through this difficult and cumbersome process, only to be transferred from department to department, or be told that their only option is to pay in full, or sell the property or wait for a foreclosure. This is not true! Having the proper representation is in your best interest and will help lead to a successful negotiation. Lenders protect themselves, you should also. Having experienced legal representation on your side can make or break your case.
What is a Loan Modification?
A "change" to an existing loan made by a lender in response to an anticipated borrower's long-term inability to repay their current loan due to financial hardships or prior irresponsible lending. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.
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