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Easing Your Debt Burden With A Loan Modification

Thousands of Maryland and Washington, D.C., homeowners may be eligible for mortgage relief through the loan modification option. In some cases, you can reduce your overall monthly payments or your loan balance.

At Morris Margulies, we understand that, in order to complete this process, you need your mortgage lender to be willing to negotiate with you, and we also understand that the process can be complicated and confusing.

However, it is in the best interest of the bank to work with you to ensure that you will be able to continue making payments on your home rather than defaulting. Many homeowners have found that having an attorney who has worked with banks in the past can help make the process easier.

How We Can Help

When you retain us, we will look at your sources of income and draw up a statement explaining your current predicament. The loan modification process is based on state laws and procedures. You need a lawyer who possesses the knowledge of the process, what it takes to lower your mortgage rate in the long run and, overall, provides you with a successful loan modification.

For borrowers who are facing difficulties dealing with their lenders for loan modifications, it is important to work with an attorney as quickly as possible. Should you fall behind on your loan payments during the negotiation process, the potential exists for the servicer to reject your modification request because of the delinquency.

Talk To Us Today

Contact Morris Margulies online or over the phone at 301-816-1600 if you are considering a loan modification. We can often work with your lender and ensure there are as few delays in the process as possible.