| Loan Modification |
| How a loan modification can help you stay in your home |
| A loan modification is an excellent solution for borrowers who would like to stay in their homes. A loan modification restructures and modifies the terms of the existing mortgage loan and provides the borrowers with a fresh start in managing their home. Loan modifications typically involve a reduction of interest rate on the loan and/or an extension of the length of the term of the loan. A lender is more likely to be open to modifying a loan since the cost of foreclosure is much more expensive. |
 |
Get the process started today!
Pre-Qualification Form |
| Why use an attorney for a loan modification when you can do it yourself? |
Although a homeowner can contact their lender to process their own loan modification, an overwhelming majority of homeowners who try a loan modification on their own, are unsuccessful. The process is very detailed and most lenders do not have your best interests at heart. They want you to pay as much interest as you possibly can over the term of your loan. Think of it this way, you can take your car to a mechanic and get your transmission fixed correctly and safely or you can sit in the driveway and try and fix it yourself and hope it works out. We use our experience along with our lender contacts to help our clients modify the terms of their existing mortgages fast and efficiently.
|
| Ideal candidate for a loan modification |
- Loan adjusted or is about to adjust
- Home is worth less than amount owed
- Late on mortgage payments
- Negative amortized loan
- Cannot qualify for a refinance
|
It is time to insure your future
Are you up at night worrying that your adjustable rate mortgage is about to reset and you cannot afford the new payments? Perhaps your home’s value has decreased and you now owe more than what your home’s fair market value? Are you unable to get a new loan because you have bad credit? Maybe you have accumulated late mortgage notices and your lender has refused or cannot refinance you?
You do not have to lose your home
The Law Offices of Omer Baron can help you, like we have helped so many others in similar or even worse circumstances. Our firm specializes in helping homeowners find alternatives to rising payments, adjusting mortgages and the potential loss of their home. Our objective is simple, to help you stay in your home under affordable terms. We have the skill and expertise to give you the greatest chance at getting the results you need to make sure your future is a bright one.
How does it work?
As a staff, we have worked with dozens of banks and lenders to modify loans. By presenting, reviewing and negotiating directly with the banks, our clients’ rates and terms have been adjusted, thus allowing them to keep their homes with payments they can afford.
What we do for you
The Law Offices of Omer Baron and its representatives will help you review and determine alternatives that will eliminate your hardship. The key to preventing the loss of your home is through communication. Our staff will ensure that your case is handled in the most efficient way to alter the terms of your current mortgage.
Take the time to save your home
Our application and approval process is very simple and concise. The application will take you only a few dedicated minutes to complete and return. Let us do the work of modifying the terms of your loan by negotiating directly with your lender. |
