At the Law Offices of David Chesley our goal when it comes to Loan Modification has always been to help keep your family at home. Unfortunately, in the state of California a few unscrupulous loan modification attorneys, and real estate brokers were taking money from homeowners and performing little, to no services. In response to this, it is now illegal in the state of California for attorneys to take any money upfront for loan modification services.
Because of those few unscrupulous modification attorneys, many legitimate attorneys stopped offering loan modification services. This has made it hard for homeowners in need of legal representation to find a loan modification attorney.
If you are facing loss of income and can no longer afford your mortgage payments, you may be able to modify your loan. This is the Process of changing your loan terms. Often the process of loan modification is very confusing and may not result in lower payments, in fact certain individual’s payments have gone up after a loan modification.
The knowledge of an experienced attorney is a very powerful tool when it comes to loan modifications. Your attorney will not only help you understand your legal rights, but will also help you in negotiating your loan terms, filing the necessary paperwork and can even stop a foreclosure sale.
Having your home taken from you and your family can be a very difficult and intimating situation. Facing this situation alone often leads to disappointing results. No matter if you are just looking at negotiating new loan terms, or have been denied a loan modification, an attorney will help you keep your home.