How It Works

Debt Settlement, sometimes referred to as Debt Negotiation, is a process by which a creditor agrees to accept repayment by consumer or an amount less than the amount currently owed. This process is simply a negotiation and there is never a guarantee on what the outcome will be.

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Loan Modification

We are experts at loan modification. We can help people affected by bankruptcy or foreclosure by modifying their loans. Our single objective is to help you keep your family in your home. You need professional help. One of the biggest mistakes people make is to try and modify their own loan.

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Refund Guarantee

Here at we understand that these are stressful and tough financial times for you. For whatever reason, you are about to or already have fallen behind on your mortgage payments and are now in danger of losing your home.

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What Is Loan Modification?

A Loan Modification is the process of working out a permanent, equitable, and fair solution between you and your lender that eliminates or reduces current debt you have incurred from a bad mortgage. It involves a procedure whereby a loans payment plan is altered due to the hardship of the borrower. This can include the rate, term and monthly payment amounts. This is handled by an attorney and the lenders Loss Mitigation Department.

How Loan Modification Works?

A modification to an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. Loan modifications typically involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan. They will only consider doing the modification if you are current on your Homeowners Insurance. In some cases a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure.

A loan modification agreement is different from a forbearance agreement. A forbearance agreement provides short-term relief for borrowers who have temporary financial problems, while a loan modification agreement is a long-term solution for borrowers who will never be able to repay an existing loan.

Loan modification is a term very unfamiliar to homeowners but not for very long. What most people are coming to realize is that losing their house to foreclosure is becoming a real possibility. Home foreclosure in America today is at an all time high and is affecting many homeowners that never believed they could lose their home to foreclosure. Homeowners are feeling the crunch of higher interest rates and a slowing economy. A loan modification may be the only way for a homeowner to save the biggest investment of their life, their home. Negotiating with the bank for a modification of your home loan can be an overwhelming process for many homeowners. That is why retaining the services of an experienced law firm or real estate attorney rather trying on your own often leads to a much higher success rate.

The reality of today’s market is one of steep drops in real estate values nationwide coupled with tighter credit requirements. The combination of the two makes a formidable opponent for someone facing an upcoming adjustment in their payments due to an adjustable rate mortgage (ARM). It’s not a good idea to take on your lender alone, as they would prefer. An Attorney will represent you in bringing your mortgage lender to reasonable terms that make sense in today’s volatile economy. They will fight to save your home and get you a payment you can afford. No matter what the reason, the sad truth is that millions of people are in the same boat. People are struggling to make their mortgage payments and live worry free lives.

The first thought most people have is to refinance their high interest rate mortgage. During normal times this would be the correct answer, although it’s always painful to pay the associated fees with doing the refinance. In today’s market this formula doesn’t work, between the drop in real estate value and the tightening of credit you cannot recreate your past deal. The Attorney will work to alter the terms of your mortgage to fit a workable solution between you and your lender so it’s a win-win for all involved.