DO NOT MODIFY YOUR MORTGAGE WITHOUT HIRING A REPUTABLE ATTORNEY OR CONSUMER ADVOCATE!

Did you know that 98 percent of foreclosures can be prevented with a loan modification? The simple reason is that an average foreclosure costs a bank at least $50,000, and in today’s tight credit market, banks cannot afford such an expense of money or time.

Research has shown that loan modifications executed by an attorney end up with significantly lower rates and better terms.

Thousands of homeowners are turning to loan modification as a way to overcome mortgage difficulties brought on by the troubled housing market. It’s a great option and if you think you may be in trouble, it’s something you should strongly consider. Getting a loan modification, though, is no easy task. That’s where an attorney is critical.

By definition, a loan modification is “a permanent change in one or more of the terms of a mortgagor’s loan, which allows the loan to be reinstated and results in a payment the mortgagor can afford.”

In other words, we at The Seymour Law Firm can help negotiate with your lender to lower your interest rate, extend the term of your current loan, reduce your monthly payments, and most importantly, prevent foreclosure.

Our attorneys will draw upon their knowledge of real estate and mortgage law to maximize your loan modification terms. They can audit loan files, negotiate terms, write legal petitions, and even file law suits to make sure you get the loan modification you deserve. Considering that lenders today are buried in thousands of loan modification request, it is essential to have an attorney craft a case based on insightful data and persuasive arguments so that your request is not ignored.

Turning to an attorney is also the safest route in today’s predatory environment. As a certified law firm, The Seymour Law Firm complies fully with the strict federal and state guidelines that apply to the loan modification industry. This alone should give you confidence as we work to get you back on solid financial ground.

Unfortunately, reports of shady loan modification companies taking advantage of distressed homeowners are abundant these days, so you must be on the alert. Also, keep in mind that many of the non-attorney companies now in the business of loan modifications are the same mortgage companies that originally put borrowers in loans they could not afford. These companies were only concerned with earning large commissions, and they were paid regardless of whether the loans worked for the borrowers or not. Of course we all know where this got us, and the country will struggle for years to recover from this systemic greed.

While pursuing a loan modification, you must also be careful not to assume that your lender has your best interests in mind. Remember, banks are a business, and a big one, at that. All that ultimately matters is the bottom line. Trying to negotiate directly with your lender, therefore, will not get you the best results. In fact, research has shown that loan modifications executed by an attorney end up with significantly lower rates and better terms.

At the end of the day, one of the biggest advantages to working with a loan modification attorney comes down to a simple principal: Respect. Lenders are known to be more receptive to attorneys than they are to brokers or individual homeowners. It’s a bias, but it’s nevertheless a reality.

So make it work for you by calling The Seymour Law Firm today at 203-924-6700.