A mortgage loan modification helps a borrower when the payments due on their mortgages are no longer affordable or are severly past due.
Over the past several years, the federal government had spear-headed programs designed to give property owners financial relief. There is nothing a borrower, who is in default under his original loan documents, can do to force the lender to offer a loan modification. However, under lender specific guidelines many property owners are being granted financial relief. Although many of the government programs expired at the end of 2016, some mortgage lenders are still granting loan modifications. This firm can help you analyze your current situation and advise you as to whether or not you could be a candidate for a loan modification.
The bankruptcy court has initiated a mortgage loan modification program that has been very successful in providing relief. This firm is available to assist with this analysis and help you through the loan modification process.