California Bankruptcy Attorney Live Chat Software
California Bankruptcy Lawyer Client Center Search Site
Speak With an Attorney Now Success Stories News &Events
Fill out an evaluation form
What Debts Are You Struggling With?
(Check all that apply)
Job Loss
Please Estimate Your Total Unsecured Debt: (Do Not Include your Mortgage, Auto
Loans, or Student Loans)
Total Debt $:
(250 Max Characters)

How Did You Hear About
Price Law Group?
Call Today 866-210-1722 Google Plus Pinterest

California Loan Modification Attorney

Is a loan modification right for you?

We are living in tough economic times and many of us are feeling the effects of this.  For most individuals, the single largest expense they have is their mortgage payment.  Frequently, people are falling behind on their mortgage payments or find that they can no longer make them at all.  Property values have fallen steeply in many areas of the country leaving property owners owing more on their house than it is worth.  If you are in any of these situations, an experienced California bankruptcy lawyer may have a solution for you that can save your home and your ability to pay your mortgage. 

Loan modification or mortgage modification may be a viable method of debt relief for you and your family and can be one of the alternatives to bankruptcy.  It is a process in which the terms of your mortgage are modified, towards ensuring that you can keep your home and are able to make your monthly mortgage payments.  You must be able to show that you have an actual financial hardship.  This can include items such as a loss in value of your property, loss of a job, or adjustable rate increases that make you unable to pay your mortgage. 

Types of Modifications

An individual's mortgage can be modified by reducing their interest rate.  This can also be accomplished by going from a floating to a fixed rate.  It can be done by reducing your principal (very rare), lengthening the term of your loan or reducing various penalties such as late fees.  Putting a cap on your mortgage payment, based on a percentage of your household income, can also be a method used to modify your loan.  Any of these types of loan modifications may allow you to stay in your home.

It can be very difficult to deal with lenders, some of whom don't know their business well.  The application that you fill out, including what information is provided and how it is presented, can make a large difference in whether the application is approved or not.  At Price Law Group, we have witnessed that having a competent loan modifications lawyer by your side can make lenders view your application more seriously.  If you are in foreclosure, we may be able to halt these proceedings.  This can give you precious time to work on debt negotiation with your lender.

Contact a California Loan Modification Attorney if you are having any troubles paying your mortgage and would like to resolve the situation so that you can keep your home.     

Debtor Courses
Credit Counseling & Debtor Education
Bankruptcy Practice Areas
Bankruptcy Law
Chapter 7
Chapter 13
Chapter 11
Alternatives to Bankruptcy
Bankruptcy Myths
The Bankruptcy Process
The Benefits of Bankruptcy
Credit Restoration
Creditor Abuse
Collections Defense
Debt Consolidation
Debt Counseling
Debt Negotiation
Debt Settlement
Debt Relief
Debt Litigation
Discharging Your Debt
Estate Planning
Fair Debt Collection Practices Act
Filing for Bankruptcy
Foreclosure Defense
Is Bankruptcy Right for Me?
Life after Bankruptcy
Means Test
Short Sales
Tax Resolution
Wage Garnishments
Why Hire a Bankruptcy Attorney?
Bankruptcy FAQ
Proudly Serving California
Bankruptcy Law Firm
Visit our Blog

Attorney Web Design