Freehold, NJ Loan Modification Lawyers

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Today’s economy is tough on nearly everyone in New Jersey and across the country – so is the real estate market, the interest rates, home insurance prices, and the other costs associated with home ownership! If you find yourself unable to keep up with your mortgage payments, you’re not alone, but you need to do something or else risk a number of negative consequences (the most serious of which is potentially losing your home to foreclosure). 

Our Freehold loan modification lawyers can help you request a loan modification so you can have more room to breathe. We’ll take care of the paperwork, secure the most favorable terms, and give you peace of mind. Call today to book a free consultation and take your next steps. 

What Are Loan Modifications?

A loan modification is an agreement with your mortgage lender to change the terms of your existing loan. It’s different from refinancing, which replaces your existing loan. It’s also a long-term solution, unlike forbearance. 

Obtaining a loan modification offers you several benefits if you are struggling financially and you’re need to find a way to keep your home. Depending on the terms that you are able to achieve, you may:

  • Get cheaper monthly payments
  • Get a lower interest rate, or convert from a variable to a fixed interest rate (or both)
  • Get the principal amount on your mortgage reduced 
  • Get more time to make mortgage payments or pay off your mortgage 
  • Get rid of late fees
  • And more. 

What type of loan modification offer you should apply for depends on your specific financial situation. At The Law Office of Patel & Cardenas, our attorneys will take the time to get to know your circumstances and explain your options so you can feel confident in the journey ahead! 

Why Should You Work With Our Freehold Loan Modification Lawyers?

Lenders don’t have any legal/contractual obligation to accept your loan modification request, and they don’t necessarily have a financial motive to either. Because of that, you have a better chance at getting your application approved when you have legal representation on your side. Our Freehold loan modification lawyers know how to prove hardship and present your case in the best light! 

We will handle the complex application process and all the paperwork for you, prevent mistakes, and communicate and negotiate with the appropriate parties on your behalf. If your rights are infringed upon at any point, we’re not afraid (unlike many law firms, who only deal with paperwork) to sue and take your case to court if necessary. We understand that when finances and law intersect, things can get confusing, so you can count on us to make sure you understand exactly how a loan modification will impact your everyday life and budget. If your request is denied, we can file an appeal or use other measures to rescue your home from the possibility of foreclosure.

In New Jersey, there are many scammers that promise great loan modification terms and who may seem cheaper than hiring an attorney, but who are actually not authorized to act under the Debt Adjustor Act. 

Call Today For A Free Consultation!

Don’t risk losing your home just because times are hard. Our firm has helped hundreds of people; we have over 30 years of collective legal experience on our team, as well as a large network of realtors, investors, and mortgage brokers, and you can rely on us to give you an advantage! Call The Law Offices of Patel & Cardenas today to book your free consultation and discover what we can do to serve you. 

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Freehold, NJ Practice Areas

Very pleased with the level of care and attention in dealing with this law firm. They were always quick to respond and patient with a very impatient first time home buyer! Robert Ranalli was my attorney and I would recommend for any legal needs.

Nashir M.

I had the pleasure of working with Veer Patel and staff for several months and could not have been more pleased with the attention, care, and professionalism of everyone at the firm. Really good experience and would definitely recommend!

Brian R.

The Law Offices of Patel & Cardenas

Why Choose Us?

Free Initial Consultations

Multilingual Attorneys

Thousands of Clients Served

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(973) 542-9407