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Let Liput Law Offices PC assist you with your loan modification needs on your owner-occupied home loans. Trained, experienced and caring professionals know how to reach your bank and speak their language. Our staff can tell you whether you qualify for the lowering of your mortgage balance and rate within 48 hours. On staff lawyers handle all the paperwork so you know that it will be done properly and legally.
Loan Modification is a term that has been getting a lot of attention lately and rightfully so. With millions of homeowners stuck in toxic adjustable rate mortgages and no ways to refinance out of them, loan modifications may be the only way to assist struggling borrowers. This term is used when your lender modifies your current mortgage (same loan you have, only changes are made to the note) in order to work with you and make your mortgage more affordable. A modification to your rate, balance of loan, delinquent fees owed, term of loan etc. can be made by the Lender. In the past this was only used when a borrower was delinquent but because opof today's banking and housing crisis, where hundreds of banks are saddled with volumes of bad debt, banks are willing to negotiate deals even before a default and instead of a foreclosure.
Banks hate foreclosure because it costs alot of money to foreclose and sell a house, and because banks are not in the house-owning business. They are in business to make money; doing modifications allows you to stay in your home, and for the bank to continue to make money, just a bit less money. Loan modifications are a win-win for banks and homeowners struggling with their mortgage payments. And now that the government in Washington is finally pressuring banks to help people stay in their homes...it is the perfect time to modify your loan, save your house and save money.
- A Loan Modification will change the existing mortgage note and give you a fresh new start in managing their home. Accounts will be brought up to date immediately.
- With a loan "modification" you take the mortgage you now have and change the interest rate and payment requirements in order to achieve a fixed rate. A change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.
- Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives. Liput Law Offices PC shows the lender why it would be in the lender's best interest to agree to a workout arrangement. In turn, the lender will reduce the loan interest rate, reduce monthly payment amounts or change other loan terms to allow for an affordable loan to allow the homeowners to avoid foreclosure.
Liput Law Offices PC brings the two parties of problem loan together to mutually agree to a workout that creates new and better loan terms which are affordable and realistic. The hope is that the new loan will enable to the borrower to meet their obligations. And with Liput Law Offices’ detailed personalized financial analysis, this hope becomes a reality. Our clients accept the loan that is affordable to them, and never need worry about foreclosure again.
Homeowners are urged to CALL NOW for assistance, as time is of the essence. Waiting until the date of the foreclosure sale is not an option.
ACT NOW to stop foreclosure on your home!
HELP & HOPE NOW for homeowners!
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