What is a Loan Modification

Do you live in Utah and are you in danger of losing your home due to foreclosure? Let us help you save your home now. A Loan Modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower. This could result in:
• reduction in interest rate,
• reduction in principal
• reduction in late fees or other penalties
• extending of the term of the loan
• capping the monthly payment to a percentage of household income
• mortgage forbearance program

If you have been waiting for the government to bail you out, you could be waiting a very long time as most of the loan modification and refinance programs are only voluntary. Lenders aren’t required to offer you a modification and your home could be foreclosed on before they call you back. Don’t lose your home waiting for your lender to save your home or for the government to bail you out – let us do the work of saving your home for you.

The attorneys at Short Sale Advocate located in Salt Lake City, Utah, will aggressively negotiate to get you the best loan modification possible. Please don’t waste your money on a loan modification company. Many loan modification companies are taking people’s money and delivering a less than favourable result. As you may have realized by now, many lenders will ignore your loan modification requests. Do not wait to go into default and lose your home. Our law firm is saving homes and keeping our clients and families together.

To find out if you are eligible for a loan modification or if you have any questions about the services we provide, contact us by Phone at 866-297-3883 or email at info@shortsaleadvocate.cc.