THE KRUP LAW GROUP

Loan Modification Lawyers

Restructure your mortgage loan • Lower payments without refinancing • Save money & prevent foreclosure
Call us or fill out the form on the right for a FREE quote.

Robert M. and Family lowered their payment by $1,675/mo

While we were apprehensive a bit, we still decided to join the program. Modifications Loan was very careful and worked out a clear payment plan that we knew we could afford. Here we are, not even two months later, and my family and I are able to smile each morning knowing we do not have to even think of foreclosure. That was the best phone call I ever made.

Zach W. lowered his monthly payment by $2,450/mo

I contacted Modifications Loan on the recommendation of a friend..she had used your services as well (which I would have never known, had I not broken down to her!).This problem faces more families than you think, and our family was blessed to have found Modifications Loan. My Loan Modifier, David, was straightforward with me from the beginning. He explained to me that the process would take time and there is no telling what kind of rate to expect.

Clarence and Avis Watkins lowered their monthly payment by $915/mo

I took on the role of trying to work with our bank directly to modify our loan. After endless faxes that were always lost by them, and numerous phone calls, we were nowhere. Staying on hold, or being transferred from one department to another doesn't work with a 2 year old pulling at your leg! My wife and I were desperate to keep our home, and I felt as though I had failed my family. i contacted Modifications Loan and professional attorneys had my loan modified within 90 days.

Henry and Ida Suh lowered their monthly payment by $2,000/mo

When I lost my job, I didn't know where to turn. A friend had recommended the attorneys at Modifications Loan and I immediately called and signed up for the program. Not only did they save my home but we have an extra $2,000 each month that is not going to the mortgage. You are a true life saver.

Spencer R. lowered his monthly payment by $750/mo

So, here's my story, My loan is through Bank of America, and I contacted them and was "approved" for Loan Modification. Sounds like GREAT NEWS, right? WRONG!!! Their "modification" was going to cost me more than the payments I couldn't afford, by over $475!! Obviously if I couldn't make my payments then, what would make them think I could tack on another $475? When I called them up their adjustor told me that only the 6 months I hadn't paid would be considered for modification and I'd also have to put down a "good faith" payment of $6,226.00. I still couldn't make any of these payments.

James and Brianne Plata lowered their monthly payment by $450/mo

At this point I was at my wit's end!! When I contacted Modifications Loan you took over all my correspondence with the bank and not only has the additional $475 payment been removed, my monthly payments dropped an additional $633 more!! Also, I don't have the pay that "good faith" payment (which I didn't have in the first place). I can finally make my payments! Thank you again Modifications Loan, you're life savers!!

How much will you lower your payment by?

Fill out the form on the right to find out. The sooner you get started, the better your modification.

Loan Modification Programs

Our straightforward loan modification program:

Loan Modification- This term has been getting a lot of attention lately and rightfully so. With millions of homeowners stuck in toxic adjustable rate mortgages and no ways to refinance out of them, loan modifications may be the only way to assist struggling borrowers. This term is used when your lender modifies your current mortgage (same loan you have, only changes are made to the note) in order to work with you and make your mortgage more affordable. A modification to your rate, balance of loan, delinquent fees owed, term of loan etc. can be made by the Lender. In the past this was only used when a borrower was delinquent but now we will see it being used before someone is delinquent. This will be the hottest term and the best way to help people avoid foreclosure.

* A Loan Modification will change the existing mortgage note and give the client a fresh new start in managing their home. Accounts will be brought up to date immediately.

* With a loan "modification" you take the mortgage you now have and change the interest rate and payment requirements in order to achieve a fixed rate. A change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.

* Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives. The specialists at Modifications Loan show the lender why it would be in the lender's best interest to agree to a workout arrangement. In turn, the lender will reduce the loan interest rate, reduce monthly payment amounts or change other loan terms to allow for an affordable loan to allow the homeowners to avoid foreclosure.

ModificationsLoan.com brings the two parties of problem loan together to mutually agree to a workout that creates new and better loan terms which are affordable and realistic. The hope is that the new loan will enable to the borrower to meet their obligations. And with ModificationLoan.com's detailed personalized financial analysis, this hope becomes a reality. Our clients accept the loan that is affordable to them, and never need worry about foreclosure again.

Call us today at (888) 381-1582 for your free consultation today.

Facing foreclosure is one of the toughest things that a family can go through. Loan modification programs are only one of the ways that a family might avoid this horrible experience. Loan modification programs are actually designed for that very purpose. They benefit both the bank and the home buyer as well, so everyone wins. The bank wins because they are able to make back some of their money rather than lose it to foreclosure and defaulted notes. Home buyers benefit simply through the fact that they keep their home and can move on with a payment that they can actually afford.

Who qualifies for these loan modification programs?

The ideal candidate for a loan modification program would be someone that is facing a financial hardship. The majority of people that use these programs are facing a hardship that was not expected, and are now unable to afford their mortgage. They often are facing serious money problems that have gotten them behind in their mortgage, and are at risk of losing their home completely. There are sometimes occasions where people may qualify without hardship, but those are in the minority. The programs are designed to help out people who are in financial dire straits.

What do loan modification programs actually do?

These programs have a number of methods to help people avoid foreclosure. One thing is that they can get a lower interest rate. Other methods can include a change to a lower monthly payment via adjusting the length of the mortgage. The bottom line to a loan modification program is to lower your monthly payments. This, in turn, saves many people from losing their home.

Are there other loan modification program requirements?

Every mortgage handler is different and not every mortgage company even offers loan modification programs. Of those that do, the requirements are usually quite similar. First, you must have experienced a financial hardship. Second, you must be behind on your mortgage (usually 90 days or more). Another requirement that many mortgage companies employ is that you live in the residence as a primary occupant. Landlords are not usually eligible for loan modification programs of this nature, though that is entirely dependent upon the company involved. Also, the participant can not be in the middle of, or be planning to file bankruptcy.

How do I inquire about loan modification programs?

Actually inquiring about the programs can be a bit tricky, because you have to reach the company that holds your mortgage. You can begin by looking at where you send your payment every month. This is the most common holder, and you can usually get to the department that you need by contacting them. The key is to be persistent and make sure you follow up. Many times it will take some effort on your part to get to the right people.

Once you do establish a solid contact, the loan modification process can begin. They will give you a ton of instructions and you have to follow them to a tee. If you do not, the mortgage will not pass and you will be out of luck. Make sure you follow up when you do not hear anything to be sure that everything is on track. In this situation, you have to be the one to be aggressive. You can not count on them to take care of everything, as they are doing you a favor. Loan modification programs certainly help the banks, but they help the home owner in a much more personal and direct way.

Loan Modification Services

Loan Mod Difficulties

The operator of this website is not a loan modification company. By completing this form or calling the number above, we will attempt to match you with a lawyer that can handle a claim based on your situation. However, you are in no way guaranteed to be approved for a for a loan modification by a lawyer found through this website’s matching service. We are a lead generation and pre-qualification company.