Loan Modifications

Many applicants find the loan modification process to be frustrating and often times feel used and abused by their mortgage servicer. We are on your side! Our loan modification attorneys and staff are trained to effectively and efficiently process files and successfully negotiate reduced monthly payments for our clients. Further, our team will navigate through internal loan modification programs offered by many lenders to qualify our clients who are not able to meet the requirements of the government sponsored programs.

Contact our office and we will help find the best program for you!

There are many federally sponsored programs designed to keep homeowners in their homes. The most popular among these programs is the Making Homes Affordable (MHA) program also known as the Home Affordable Modification Program (HAMP). There are also programs designed for unemployed homeowners (Home Affordable Unemployment Program or UP) and those who have two mortgages (Second Lien Modification Program or 2MP).

Most federally chartered lenders and their servicing agents participate in these programs. Some lenders even offer principal reduction programs designed to reduce the principal balance on a homeowner's loan to better reflect fair market value of the home. This program is also sponsored by Fannie Mae and Freddie Mac, making most residential mortgages eligible for consideration. For more information on these programs, please visit hmpadmin.com.