Waco Home Loan Modification Attorney
When financial problems occur, many families are unable to make their home mortgage payments and the result is that many people in Waco are in danger of losing their homes. Under government programs for home loan modification, such as the Home Affordable Modification Program (HAMP), we have successfully negotiated reduced interest rates and even forgiveness of some portions of the mortgage debt for Waco clients and that has enabled them to retain their homes. Our negotiations have resulted in mortgage companies agreeing to place the missed mortgage payments at “the end” of our client’s notes. We have also negotiated interest rates for modified loans to as low as 3%!
Many bankruptcy attorneys believe that the only way to retain a home from a threatened foreclosure sale is for the client to file a three to five year Chapter 13 wage garnishment bankruptcy. We simply and strongly disagree.
We help clients apply for home loan modifications. Many times we apply for a home loan modification and also file a Chapter 7 bankruptcy case which enables the client to retain their home, reduce their home mortgage payments and get discharged from virtually all of their unsecured debt.
If an attorney has informed you that a Chapter 13 three to five year wage garnishment is the only way to retain your home from an upcoming foreclosure sale, please see us for a second opinion.
We have also found that most individuals that attempt to apply for a home loan modification without an attorney are unsuccessful in obtaining a modification of their home loan. These modification applications and negotiations are complicated, frustrating, and do involve complicated laws and regulations. Assistance from a Waco attorney, who is knowledgeable of the HAMP regulations, Texas foreclosure law, and bankruptcy law and procedure, is critical to successfully modifying your home loan. Our firm also looks at all of your other debt, such as tax debt, student loans, credit cards, pay day loans, etc., and develops a strategy to address all of these debts and get you back on the road to a financial fresh start.
Waco Home Loan Modification Lawyer
You should only file a Chapter 13 to save your home as a last resort. If you are in danger of losing your home through foreclosure, please call our offices in Waco and let Erin Shank, the home loan modification attorney, and her team propose a far better solution to you and your family. Call and schedule a free initial consultation in Waco at (254) 296-1161. You will be so glad you called!