How does a loan modification work?

The theory behind a home loan modification is quite simple. Also referred to as a loan workout, it is when your current lender agrees to modify (change the terms) of your mortgage in order for you to afford your monthly payments and help avoid foreclosure.

Often, homeowners find our law firm after they have attempted to obtain a loan modification on their own and or were unsuccessful in working with a non-profit. If this is you, the Fransen and Molinaro Law Firm is the perfect solution to help you make your case with your mortgage servicer.

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