Phoenix Loan Modification & Restructuring Lawyers
Are you struggling to make your mortgage payments? Working with your lender to secure a loan modification can be a source of real benefit, but there are some pitfalls that you should know. If you are seeking a loan modification, it is important to consult an experienced attorney to make sure you are protected.
At the Phoenix, Arizona, law firm of Platt & Westby, P.C., our experienced bankruptcy attorneys have been helping people eliminate their debt since 1973. We never judge our clients. We realize that sometimes, even good people can find themselves in difficult situations.
Make sure that any loan modification meets your needs and protects your rights. To schedule a free initial consultation with an experienced bankruptcy lawyer, call 623.239.4422 today or send us an e-mail.
Common Pitfalls to Watch For
When you are seeking a loan modification, lenders will compare the financial information you provide with the information you provided when applying for the loan. If there are discrepancies, the lender may file a fraud claim against you which could result in an even more critical financial situation.
What You Need to Do
When we handle a loan modification case, we require our clients to provide us with copies of all notes and documents related to the loan including:
- Purchase contract
- Title report
- Deeds of trust
- Mortgage
- Truth in lending disclosure
- Loan application
- Credit report
We review all documents before submitting them to the lender on your behalf. This allows us to ensure you are not incriminating yourself or laying the foundation for a fraud claim to be made against you.
We will update you on all changes. Congress is currently considering changes to the laws that govern loan modifications. We will keep current with all new developments and counsel you on how they affect your situation. To schedule a free initial consultation with an experienced attorney, contact us today.
