LIM & CO, WILLY
Loan Modification and
Why Pursue Loan Modification?
The reason is simple: to help you protect your family and keep your home! A loan modification restructures the terms of your mortgage to help you lower your monthly payments.
Through loan modification, you can:
* Lower Monthly Payments
* Reduce Your Balance
* Lower Interest Rates
* Fix Your Adjustable Rate
* Re-Amortize to Cure Arrearages
* Waive Negative Interest
* Get Extensions on Payments
Why Hire A Loan Modification Attorney?
Your home is a precious asset and over time, will appreciate…lenders know this, and are hesitant to modify mortgage terms when they have the ability to liquidate a valuable asset at their discretion. With this in mind, lenders only want to allow modifications to mortgages in certain instances. This is the reason that loan modifications can be difficult, and is the reason you need the attorneys and staff at Naimi & Dilbeck to assist you in achieving a negotiated mortgage.
Fighting for a home loan modification is very much like many other legal matters…you may convince yourself you are saving money by representing yourself, but in fact you can save yourself a lot of time, money, and stress, not to mention avoid a poor outcome, by retaining professional representation to get the best results possible. With professional representation, your case will be taken more seriously by lenders, and lenders will not be able to use greater legal knowledge to their advantage.
Through our loan modification process, we will analyze every relevant aspect of your finances, prepare the documents which must be submitted to your lender, and then engage your lender in negotiating new terms for your mortgage. Our firm will be prepared with the legal knowledge, documents, and negotiation techniques that will maximize your results.
What You Can Do Right Now
Also known as liquidation, is the most common and most favored form of bankruptcy as it eliminates most of a debtor’s unsecured debt. However, Chapter 7 does not discharge all of a person’s debt. Certain debts cannot be discharged under Chapter 7, such as:
- * Call us today to set up a Free Consultation
- * Gather the following documents:
- * Current 1st Mortgage Statement
- * Current 2nd Mortgage Statement (if applicable)
- * Last 3 months of pay stubs for 1st and 2nd borrower
- * If self-employed, profit/loss statement for last 3 months
- * Two most recent Federal Income Tax Returns
- * Last 3 months of bank statements
- * Sit back and let your new attorneys go to work for you!
Debt Negotiation
Is a service that was developed to help people who can no longer afford to pay their monthly minimums and do not want to file for Bankruptcy. Debt Negotiation is a legal process whereby a consumer retains the services of an attorney to represent them in negotiations with that individual’s creditors. Qualified Debt Negotiation attorneys leverage Federal and State consumer laws, as well as their existing relationships with major creditors, to negotiate the repayment of the consumer’s unsecured debts for significantly less than the full amount.
Debt Validation
Is a process whereby attorneys review the billing practices of our client’s creditors and the debt collection activities of any third party that has purchased their information. Every consumer has specific Federal rights granted by The Fair Credit Billing Act, The Fair Debt Collection Practices Act and The Fair Credit Reporting Act. In many cases ambiguous fees and interest calculations affecting a consumer’s bill, as well as the aggressive debt collection practices being employed to collect on the consumer’s debts, are in violation of Federal consumer rights.
Our attorneys will diligently review our client’s statements to ensure that they have been billed correctly. Our attorneys will identify any violations of our client’s Federal rights, and enforce them accordingly. Should violations be identified, our attorneys will challenge them, often resulting in the removal of inappropriate charges from our client’s statement and therefore a reduction in the total amount of debt owed.
In addition, our attorneys will evaluate the debt collection methods being employed by our client’s creditors to ensure that they are not in violation of Federal consumer rights. Should violations be identified, our attorneys take action on our client’s behalf.
