Loan Modification

Loan ModificationD.C. and Maryland Loan Modification Attorney

Thousands of Maryland and 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. 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 the process can be complicated and confusing. However, it is in the best interest of the bank to work with you to ensure 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.

Your attorney 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 that possesses the knowledge of the process, what it takes to lower your mortgage rate in the long run, and overall provide you with a successful loan modification.

For borrowers who are facing difficulties dealing with their lender for a loan modification 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. Contact the Maryland and D.C. Loan Modification attorneys at  Morris LLP at (301) 731-1000 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.

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