California Loan Modification Attorney

Frequently Asked Questions

At the Law Office of Bruce C. Bridgman we understand you have numerous questions regarding your mortgage situation.  Below are some answers to common questions:

What is a Loan Modification?
A loan modification is a change to the terms of your home mortgage. Also commonly referred to as a loan mod, this process can potentially lower your interest rate, reduce your principal balance, change the length of your loan and ultimately reduce your monthly payment.

How do I know if I qualify for a Loan Mod?
Every person's situation is unique, so in order to competently answer your question we would need to discuss your circumstances.  As qualified Loan Modification attorneys, we have the experience to assist you in modifying your loan if you qualify.  The main issue the lender will review is  whether you have a legitimate hardship which prevents you from making your regular monthly payment.

Can I get a Loan Mod if I am not late on my mortgage?
Many lenders will accept loan modifications before a borrower becomes delinquent.

Does a Loan Mod stop a foreclosure?
While we work with your lender, we will negotiate with them to stop the foreclosure process.

Why would a bank do a Loan Modification rather than a foreclosure?
Because the bank does not really want to own your home, they would rather work with qualified individuals to keep you in the home and continuing to make payments.  The bank is looking at their bottom line, and having an empty house with a written off loan is not in their best interests.  However, the difference in what may be offered to a borrower without an attorney and what our office can negotiate for you are very likely to be quite different.  You would benefit greatly by having a knowledgeable attorney on your side.

Loan Modification Lawyer Serving California

For additional information on how a Loan Modification works and to get started on your own California Loan Modification, contact us today for a free consultation

If you need assistance with a Loan Modification, contact California Loan Modification Attorney at the Law Office of Bruce C. Bridgman today.