Loan Modification Lawyer in Valencia
An Overview of Loan Modification
Loan modification is a process designed to help individuals who are struggling financially and are no longer able to meet their monthly mortgage obligations. If you are in danger of losing your home in foreclosure, contact a Valencia debt negotiation attorney who may be able to assist you in securing a loan modification in a relatively short amount of time.
In a loan modification (or mortgage modification, as it is sometimes called), an individual is granted a modification to the terms of their home/property loan by their lender. The intended result of this modification is a lower monthly mortgage payment that the individual is actually able to afford. By securing a loan modification, a homeowner can avoid losing their home in foreclosure, as well as the possible necessity of filing for bankruptcy.
What Happens in a Loan Modification
A loan modification can be done in several ways, including lowering the interest rate of the loan itself, waiving any fees or penalties that have accumulated due to late payments, or taking those fees and penalties and transferring them to the principal balance of the loan. All of these can result in a lower mortgage payment, or the erasure of a mortgage payment that has become inflated due to the addition of penalties. At Financial Recovery Law, we have assisted thousands of individuals experiencing financial trouble, including those facing the loss of their home. Contact our offices right away if your home is in danger of foreclosure, and we will help you evaluate all of your available options in helping you save your home.
If you are unable to meet your mortgage obligations and are in danger of losing your home, contact a Valencia Loan Modification Lawyer who may be able to help you avoid the foreclosure process.
Real Stories From Real People
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"Clearly understood"Great explanation. Clearly understood. Ready for the next step!- Benjie B.
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"Thank you for your help."Very informative and highly recommended. Thank you for your help. God bless you Attorney Ray.- Michael C.
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"Very impressed"Very impressed with Mr. Bulaon. He is obviously very good at what he does. He is friendly, smart, and patient and makes you feel comfortable right away. I wouldn't hesitate to hire this firm or recommend him to anyone needing the service he provides!- Traci B.
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"Very professional and kind person."Very helpful. Explained every possible way to solve my case. Very professional and kind person. Thank you for helping me again.- Normita
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"Thank you"After being frustrated with our case being prolonged by another firm, I found Mr. Bulaon of RJB Law Offices. I was very pleased with our initial meeting. I look forward to getting our case resolved finally and behind us. My only disappointment was with myself for not finding Mr. Bulaon sooner. Thank you.- Verla R.
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"Thanks for all your help"Best lawyer and crew. Thanks for all your help!- Marco J.
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"Very professional"Very professional and informed, his knowledge of our situation was obvious and I feel we will come to a great resolution.- Michael G.
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"They really want to help"Very informative and patient and seemed to really want to help.- Greg W.