Loan Modification Attorney in Chicago
Experienced Legal Assistance to Get Out of Debt
If you are seeking to improve your financial situation due to debt or an
inability to make payments, you might get relief by negotiating a loan
alternative to bankruptcy has helped countless individuals find a measure of financial peace.
Because getting a lender to approve a loan modification can be difficult,
it's recommended that you enlist the help of a Chicago
bankruptcy attorney. With more than 25 years of combined experience, Smith Ortiz,
P.C. has the skills to negotiate with your lender and arrange a loan modification
with better terms and lower payments so you can continue to pay your mortgage
and keep your home.
Dial (312) 738-1260 today to seek counsel from our trusted firm.
Secure the Benefits of a Loan Modification with Smith Ortiz, P.C.
By negotiating new terms with your lender, a successful loan modification
results in more affordable payments. Failing to make payments typically
leads to foreclosure and this is exactly what a loan modification works
to prevent. Each case is unique, so what worked for one individual may
not offer you the same relief. That being said, there are numerous ways
to modify a loan.
Some of the most common forms of loan modification include:
- Reduced principle
- Extended loan terms
- Minimized late fees or penalties
- A mortgage forbearance program
- Reduced interest rate
Lenders are more likely to approve petitions for loan modifications when
the debtor's situation appears to be permanent. If you haven't
been able to make payments for some time or were met with financial adversity,
the chances are good that you will meet the eligibility requirements.
There are many details involved with debt negotiation for a loan modification.
We take the time to fully understand all aspects of your situation so
that we have the needed information to begin the process. Our firm is
here to support you and enable you to find the right solution, resulting
in a much brighter financial future.
Contact us today or use our
free case evaluation to get started with a Chicago bankruptcy lawyer.