LOAN MODIFICATION AND DISPUTES ATTORNEY
If you are struggling to make your monthly mortgage payments or have fallen behind, you may be at risk of losing your home.
Get Free Consultation
But depending on the circumstances, you may be eligible for a loan modification, which can make it easier to stay on top of your mortgage payments and avoid foreclosure.
A loan modification is a change made to the terms of an existing loan by a lender.
It may involve an agreement in the form of rate reductions, fixing the interest rate, extending the term of the loan, and reducing the principal, or maybe a combination of all of the above.
Most successful loan modification processes are negotiated with the help of an experienced attorney and team of experts.
Sternberg Law Group has been modifying loans for years.
Qualifying For Foreclosure Assistance
Sternberg Law Group will conduct a free consultation to determine whether you are a pre-qualified candidate for a loan modification.
While the qualification formula is complicated and comprehensive, generally, people who have suffered a documentable hardship will qualify for a loan modification program.
A loan is considered modified when the lender (bank) agrees to reduce the homeowner’s (borrower) monthly payment by restructuring the existing terms of the loan.
Can I Do A Loan Modification Myself?
The answer is yes. However, working with your lender can be very complicated and stressful.
There are qualification formulas and financial packages that the banks need to see in order to qualify a homeowner for a loan modification. It is not a good idea to negotiate with your lender on your own.
It is important to use a trained professional to guarantee you receive maximum results.
Protecting Your Credit Score
Typically, the loan modification process takes 3-4 months.
It is not required for you to go 30 days late for us to modify your mortgage, therefore you can stay current with your mortgage and avoid any negative credit reporting.
You do not need to have good credit to qualify for a loan modification. Your current credit score does not factor into the loan modification process.
Receiving a loan modification or simply going through the loan modification process, does not damage your credit. However, being 30 plus days late on your mortgage payment does.
Here's What Our Client Says...
“I’m a recently divorced, co-parenting, single dad of a HS and College student. The 2nd in my immediately family history to actually own a home, I came to Sternberg Law via a referral from an accidental call to a fellow atty and friend of his. I’m sure I wasn’t his most demanding client but from where I sat my real estate and legal challenges were stifling.”
Russell A.
Los Angeles, CA
“I dealt with some serious challenges and hardships in my life, losing my wife 5 years ago, battling Cancer over a year ago, and dealing with financial issues regarding my home. Josh Sternberg has provided me with a second chance. My situation was very complicated and Josh helped me make the best decision going forward for a fresh start.”
Ray B.
Sylmar, CA
“We would highly recommend Joshua Sternberg Law Group. Josh worked tirelessly on our loan modification request. We were denied multiple times for many different reasons, none of which rang true. Josh fought successfully and was able to get my husband and I an amazing loan modification… Thank you very much Josh for never giving up. We are truly thankful.”
Donna K.
Agua Dulce, CA
©2021 Sternberg Law Group | All Rights Reserved
Privacy Policy and Terms
This site is not a part of the Google website or Google LLC. Additionally, This site is NOT endorsed by Google in any way.
GOOGLE is a trademark of Google, LLC. Website Development for Loan Modification Lawyer and Pay Per Click for lawyers by DiscoverMyBusiness.