Riverside Loan Modification Attorneys
Client-Centric Legal Representation
If you are feeling stressed and overwhelmed because you can no longer afford
to pay your bills and debts, then a loan modification might be an option
you can take advantage of to eliminate debt and regain control of your
financial situation. Depending on your specific circumstances, you might
be able to modify existing loans in addition to filing for bankruptcy,
or even as an alternative to bankruptcy.
At The Bankruptcy Law Firm, we proudly provide clients throughout the greater
Riverside area with the reliable and effective legal counsel they need
to determine if bankruptcy or loan modification is the right solution
for their financial struggles. Our compassionate and friendly legal professionals
are here to answer any questions you have regarding loan modification,
so please don’t hesitate to contact our Riverside attorneys so we
can assess your case.
Loan Modification Explained
When you modify a loan, it permanently changes the terms and conditions
of the loan. You must abide by the altered terms and conditions for the
life of the loan. Modifying your existing loans can reduce your monthly
payments to a more affordable amount. You can also reduce interest rates,
extend the term of the loan, change the loan type, or add past-due amounts
to the new loan terms.
Why Do I Need a Lawyer for a Loan Modification?
When you choose The Bankruptcy Law Firm to represent you, we will gladly
take the necessary time to make sure you fully understand every aspect
of the loan modification process and Obama's Making Home Affordable Plan.
We are here to investigate your financial situation and discuss which
specific modifications can benefit you.
Our firm can help you gather tax returns, financial statements, and home
valuation estimates that must be submitted to your lender or mortgage
provider. Our goal is to make the loan modification process as easy and
as stress-free as possible for you. We can also help you draft a compelling
hardship letter to send to creditors and lenders.
Am I Eligible for a Loan Modification?
You must meet the following requirements to qualify for a loan modification:
- You aren’t eligible for refinancing
- You are experiencing long-term financial hardships
- You have a high interest rate or an adjustable-rate mortgage
- You owe more on your house than what it is worth
Speak to One of Our Loan Modification Lawyers in Riverside Today
If you would like to adjust your payments or modify an existing loan, then
please set up a consultation with our legal team so we can walk you through
the confusing laws and regulations. Our firm has a stellar reputation
and attorneys possess the credentials and legal insight that you want
in your corner to help you make informed decisions.
Give us a call today at (951) 899-2100 or
contact us online to schedule your case consultation.