Finding Loan Workouts for Indiana Homeowners
Loan modifications come in two main types: trial and permanent. A trial modification may offer better terms than a permanent modification, but it only lasts approximately three months. As its name implies, a permanent modification rewrites the loan terms and remains until the loan is paid off.
At the Law Office of Weiss & Schmidgall, P.C., our Merrillville loan modification attorneys are here to help you explore all your options for debt relief. We are experienced in all aspects of foreclosure defense, and our goal is to get you and your family the fresh financial start you need.
How Our Law Firm Can Help
Although you can request a loan modification on your own, many of our prior clients would tell you that working with us has saved them a significant amount of time and stress. We have seen many banks fail to respond to homeowner concerns or questions, repeatedly lose paperwork and make the process very convoluted and difficult. People may get lost in the shuffle, but the banks don't care.
Our Indiana law firm does care, and we will fight for you. When you come to us, you can get a free initial consultation with an attorney who will advise you of your rights and work with your billing needs. We can even help you with a loan modification while you are going through bankruptcy. Often, the two can work together.
The Home Affordable Modification Program (HAMP)
The federal Home Affordable Modification Program (HAMP) was intended to help homeowners restructure their loans and get their debts under control. Unfortunately, the program hasn't always been successful. It gives lenders guidelines on how to handle loan modifications, but it provides little incentive for the lenders to actually comply.
Before getting involved in a complex federal program that may ultimately profit you nothing, consult an experienced loan modification lawyer and learn about all your options.
Learn More From Our NW Indiana Debt Settlement Attorneys
Call 866-858-4901 to discuss your loan modification options in a free initial consultation. We offer flexible payment plans, hourly billing or flat fees, and it only takes $500 down to start your case. Day, evening and Saturday appointments are available as needed. Contact us today.
We are a Debt Relief Agency, We Help People File For Bankruptcy Relief Under the Bankruptcy Code.
