Is it Possible to Modify a Loan?
When debt becomes overwhelming, one option to consider is loan modification, particularly mortgage modification.
However, it is not an easy path to pursue. Creditors do not have to make changes to loans, any changes made are voluntarily made by the creditor. At Burns & Wincek, our attorneys know how to put together a modification request designed to be accepted by the loan provider.
Every loan provider is different in terms of what they look for when deciding whether or not they will make a modification. With more than 25 combined years of experience handling these matters, we are familiar with the variations in forms and requirements from lender to lender. Our experience has led to a great deal of success in loan modification requests.
Loan Modifications Outside of Bankruptcy
If you're finances are in order, with the exception of one debt, such as your mortgage, you may be able to proceed without filing bankruptcy.
Our lawyers can work with the loan provider, striving to modify the loan in a manner that works for you. We will work hard to get your finances back on track.
Loan Modifications Within Bankruptcy
More often than not, it's not just one debt that is the problem. It's the combination of a variety of them.
Our attorneys are skilled at using bankruptcy to resolve financial troubles, including incorporating loan modification to allow you to keep your house payments manageable so you can move forward without having to worry about getting in trouble again.
Doing What is Right for You
We provide personal care. We take the time to listen to you and determine the path that is right for you, whether that path involves loan modification, bankruptcy, or both. Our outstanding service is provided at an affordable price. The last thing we want to do is add an additional financial burden to those you are already struggling with.
Free Consultation
Call our Waukegan or Chicago, Illinois offices at 866-626-9031 or send us an e-mail.
