Loan Modification Attorney in Los Angeles

Los Angeles Loan Mod Specialists

With foreclosures at an all-time high across the nation, homebuyers need assistance with their lenders in order to obtain a Loan Modification that will enable them to keep their homes.  Many homeowners throughout California, but especially in Los Angeles, are facing plummeting home values, affecting their ability to refinance or sell their homes in order to avoid a foreclosure.  There are various reasons why you may find yourself in a position of not being able to keep up with your mortgage payments, including  unemployment, a divorce, loss of a loved one or unexpected medical bills.  Regardless of the reason, Bruce C. Bridgman, Los Angeles Loan Modification attorney, can advise you on the best alternative to foreclosure.

You do not need to be delinquent on your mortgage payments to attempt to obtain a loan modification.  However, if you do face delinquency on your mortgage payments, you will begin receiving late notices and penalties from your lender.  Following several late notices you will receive a Notice of Default.  This document informs you that your loan is close to being considered in default, at which time foreclosure proceedings may start.  About forty days after your Notice of Default, you may receive  a Foreclosure Notice.  Once this is sent to you, a Notice of Sale with a sale date can be set.  A loan modification can be requested at any time during this process, however you must qualify based on some type of financial hardship.  Lenders have set up departments known as Loss Mitigation units which specifically handle requests from homeowners seeking some type of loan modification or assistance for their overdue mortgages. 

Los Angeles Lawyer for Loan Modifications

At the Law Office of Bruce C. Bridgman, our extensive staff has years of experience in assisting our clients in the Los Angeles community.  With the increase in foreclosures in our area, it is vital to obtain legal counsel that is familiar with this area of the law and can adequately represent you with your lenders.  As most lenders are overwhelmed with calls for assistance, only the most aggressive and determined attorneys will be able to provide you with the type of representation you will need to get a loan modification that will work for you.

Our dedicated staff  will work hard to prevent your home from going into foreclosure and negotiate with your lender to remove penalties and fees they likely have added on to your mortgage.  We will pursue lowering your interest rate and even your principal balance.  This will reduce your monthly payments down to a level where you will be able to get back on your feet and retain your home. 

We are confident we can assist you in handling your loan modification needs in the Los Angeles and surrounding areas.  Contact us today for a free consultation with you regarding your personal situation. 

Contact Los Angeles Loan Modification Attorney Bruce C. Bridgman to assist you in obtaining a Loan Modification.