Wichita Loan Modification Attorney
Problems Making Your Mortgage Payment in Kansas?
Falling behind on mortgage payments puts you in a position of losing your home through foreclosure to the lender. Programs are available to help troubled homeowners keep their homes and stop foreclosure proceedings.
Lenders do not want to seize properties and are willing to work with homeowners thought the possibility of a loan modification. If you faced with losing your home, you need to seek advice from a Kansas bankruptcy attorney who is knowledgeable and experienced in helping people retain their property by simply modifying their home loans.
Our attorney Norman Douglas, of the Kansas Bankruptcy Center, has successfully represented clients across the state of Kansas modify their mortgage loans.
What Is Loan Modification?
A loan modification enables a borrower and lender to work together to restructure a mortgage with the goal of allowing the borrower to keep the home.
The mortgage lender and borrower work together and agree upon terms wherein the borrower can make timely payments in the future and the bank will not continue foreclosure proceedings. In order to qualify for a loan modification you must provide specific financial information as requested in an interview.
You may be eligible for the following options:
- Rate reduction programs lower the interest rate on a loan so monthly payments can be made more easily and consistently
- Recapitalization programs place the amount of past due loan payments at the end of the loan allowing the loan to move to a current status
- Principal reduction programs are not always available but many companies and attorneys freely advertise this possibility
It is important that you consult with a qualified attorney regarding a loan modification on your mortgage. You should be actively working to avoid the loss of your home. In the current economic environment, many people are taking advantage of the loan modification options available to them.
How Our Bankruptcy Firm Can Help
Attorney Douglas is a lawyer with years of experience in helping people who are experiencing financial difficulties and faced with losing their homes because they cannot keep up monthly mortgage payments. He has advised clients in Kansas concerning loan modification programs. Contact us today to discuss your specific case and find out how to negotiate a loan modification.
Contact a Kansas Loan Modification lawyer for a free initial consultation.
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Meet Attorney Normal Douglas
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