Helping California & Florida homeowners keep their homes for over 10 years
“What is a loan modification?”
We help our clients pursue loan modifications. A loan modification is when your mortgage servicer agrees to adjust your mortgage payment to better fit your income & expenses. Typically, someone who obtains a loan modification is able to get a lower interest rate & a longer repayment period – resulting in a lower monthly payment, as can be seen in the below example:
As you can see, a loan modification may result in a lower, more affordable monthly payment than what you currently have.
It is important to note that this is not a guarantee of future results. This is just an example of what a successful hardship-based loan modification might look like. A borrower can potentially obtain a lower interest rate and a longer repayment period, resulting in a lower monthly payment that can fit better into one’s budget.
“How can I qualify?”
Our firm helps clients pursue loan modifications via two different routes: hardship-based modifications & mediation within an active bankruptcy.
Modification Through
Mediation in Bankruptcy
For those in an active bankruptcy*, we can represent you in mediation between you & your loan servicer in an attempt to lower your payment to a more manageable amount.
*For residents living in Florida or the Northern District of California only.
Traditional Hardship-
Based Modification
For those who have experienced a financial hardship, we can represent your situation and document your hardship to the servicer and attempt to modify your mortgage to better fit your financial situation.
“What qualifies as a hardship?”
A hardship can be temporary or permanent and is typically something that prevents you from being able to make your mortgage payment. Take a minute to look at the list of examples and think about if any of those hardships apply to your situation. If so, you may be able to pursue a loan modification.
With over 10 years of experience fighting for homeowners, we have produced real, tangible results, and hope to help you too. While we cannot guarantee any results, we guarantee that we will fight for you and do our best to keep you in your home.
Unemployment
Increase in Housing Expenses
Income Reduction
Divorce or Legal Separation
Death of a Contributing Member
Long-term or Permanent Disability
Disaster (Natural or Man-Made)
Business Failure
Increased Expenses
Excessive Debt Payments
Limited Cash Reserves
“Might I qualify?”
If you would like to fill in our FREE initial questionnaire and let our attorneys see if you would be a good candidate to attempt a loan modification with us, please click the link to our secure questionnaire. We only ask for your name, amounts and figures, and an email address. We do not need your property address or account number.
No Attorney-Client Relationship Created by Submission of this Form. Please note that neither your use of this form nor your submission of information to Ironhorse Law Group PC (hereinafter “the Firm”) or one of its lawyers or employees creates an attorney-client relationship between you and the Firm. You will become a client of the Firm only if and when you sign an engagement agreement setting forth the scope of the Firm’s engagement, the fee arrangement and other relevant matters.
“What does the whole process look like?”
Hopefully, we’ve answered many of your questions thus far – but, who are we?
We’re experienced real estate attorneys fighting for you.
While other companies may claim to offer similar services, we have the added benefit of being a law firm. We’re lawyers. We bring decades of real estate law experience to each case we handle and adhere to a strict code of ethics. We take our responsibility to our clients very, very seriously.
Additionally, should we run into any issues with your home that are more complex, we have the ability to handle them in-house.
Contact Us
You may wonder if you are a good fit for one of the two loan modification options we described above.
Our attorneys can do a free, no-commitment review of your circumstances and determine whether or not you would be a good candidate to attempt a loan modification. If you would like to have a member of our team reach out and offer our services, please fill out the form below or complete our free questionnaire here.