If you’re a homeowner facing foreclosure and you want to take steps to keep your home, a loan modification may be the answer. We can work with you and your bank towards a modification on your loan and obtain the best possible terms for you including reductions in the interest rate, increasing the duration of your mortgage or sometimes both.
In some cases even the principle amount due has been reduced in order to bring the amount closer to the current value of the home. This can help make your payments more affordable and help you avoid foreclosure, which can be a win/win situation for both you and the bank.
We understand that this entire process can be incredibly daunting, especially if you are not versed in the loan. But working with the Realestate Recovery group will bring the experience to the table on your side so you have the tools necessary for a favorable loan modification.