Who is the best lawyer for loan modification?

Galler Law Firm has 30+ years of experience helping people just like you get a fresh start. When it comes to your future, e xperience matters. If your current mortgage payment is overwhelming and you are behind on your payments, you can get the break you need through having Galler Law negotiate a loan modification for you.

How does a loan modification help a homeowner?

Loan modifications can be beneficial for homeowners during this time, as it allows them to adjust their loans so that their payment plan better suits their financial state and situation. This is done by matching the individual’s mortgage payments with their current financial state.

What’s the difference between loss mitigation and loan?

It is important to know the difference between the two before moving forward. When debt payments begin to consume a person, it may be time to find options that can help. The Loss Mitigation Program is available to debtors so that they can work with lenders to reach an agreement.

What can I do to settle my mortgage debt?

Generally, you can try to: Renegotiate the terms of your mortgage. Usually, when you do this, the bank will try to get you to agree to pay back the full amount that you owe but will either lower your interest rate or stretch out your repayment terms so the monthly payment becomes more affordable. Short sell your home.

What can a loan modification DO FOR YOU?

A Loan Modification is a permanent change in one or more of the terms of a Borrower’s loan, allows the loan to be reinstated, and results in a payment the Borrower can afford. How many Loan Modifications may a Borrower receive?

Can a lawyer help you settle a debt?

There are many companies out there that can assist you in settling your debts, but if you use a debt settlement lawyer to help you instead of just a regular debt settlement company, you will be given specific rights under the Fair Debt Collection Practices Act that you only have when working with lawyers.

Where do I find a lawyer for my student loan debt?

Minsky recommends that borrowers looking for a lawyer for their student loan debt do the following: Check the directory for the National Association of Consumer Advoc ates (NACA). Contact your state bar association for a referral (many state bar associations have referral services).

Are there any debt attorneys in New York?

Our professional debt attorneys in New York and around the U.S. will negotiate the repayment of your unsecured debts for significantly less than the total amount that you owe. By using this process, your actual balances are negotiated to lower amounts and not just your interest rates like with most other options.

Are there rules for non-law firm debt settlement companies?

A non-law firm debt settlement company has no rules to which to be held accountable. Not that any of our debt lawyers would ever violate their code of ethics, but there is no code of ethics for non-attorney settlement companies.

What do you need to know about a loan modification?

Connecting …. A loan modification usually refers to the adjustment of monthly payments on a mortgage loan. This may involve a reduction or increase of the monthly payment amounts, and/or changes in interest rates. Or, it may involve a change to the overall type of mortgage being issued.

Where can I get a lawyer to help with my mortgage?

You can also get free help with your application package from a HUD-approved housing counselor. If your servicer doesn’t comply with federal laws or any applicable state laws that govern the loss mitigation process, an attorney can help you enforce your rights.

Can a home loan modification keep you out of foreclosure?

If you can’t afford your mortgage payments, getting a loan modification just might keep you out of foreclosure. Your eligibility for a modification is determined by the investor’s set of guidelines—not everyone will qualify.