A loan modification occurs when a lender agrees to alter the terms of an existing loan in a way that allows the homeowner to meet payments and avoid foreclosure.

Lenders will modify the terms of the loan if they see that the homeowner will be able to fulfill payments with the loan’s new conditions. Our attorneys are able to negotiate loan modifications with lenders, thereby avoiding foreclosure on homes and properties. Furthermore, our attorneys know what lenders are looking for and what loan modifications they are more likely to agree to.

Many lenders are unwilling to cooperate with homeowners directly or try to take advantage of them. Shortsightedness can cause lenders to overlook the fact that unless an equitable deal is reached, potential foreclosure could become a recurring problem. Foreclosure on homes costs lenders attorneys and other legal costs. Furthermore, after foreclosing, a bank must absorb the high cost of maintaining and marketing a property and paying a realtor to sell the property. Loan mitigation is in the best interest of both the lender and the homeowner.

Loan modification is the most effective tool if you are behind on your mortgage payments during a period of hardship. Foreclosure results in a massive reduction of your FICO score and prevents you from purchasing another home for seven years. Our attorneys could restructure your payments so that they fit comfortably into your budget and allow you to save your home.

Anderson Chase Financial offers a 100% Money Back Guarantee if we cannot successfully modify your mortgage(s). You can rest assured that you will not be charged if we cannot help you.

We Can Accomplish

* Results may vary and no specific outcome can be guaranteed or predicted.