Jersey City, NJ Loan Modification Lawyers

If you’re falling behind on your mortgage payments, or are in danger of losing your home to foreclosure because of that, obtaining a loan modification can help you catch up and save your property! The experienced Jersey City loan modification lawyers at The Law Offices of Patel & Cardenas will offer you quality legal representation at every step of the process. We can ensure that you have the best chances at getting your request approved and getting the most favorable terms so you can have peace of mind about your financial future. Call today to schedule a free legal consultation and learn more about what we can do to serve you!

Why Do You Need To Work With A Loan Modification Attorney?

Loan modifications offer many benefits, including lowering your monthly payment by eliminating late fees, lowering your interest rate or converting from a variable interest rate to a fixed interest rate, increasing the amount of time that you have to repay, lowering the principal balance on your mortgage, and more. It is an ideal and long-term solution for many homeowners who are struggling in today’s difficult economic times.

However, it’s easier said than done to secure a loan modification. It requires submitting a lengthy, complex application to your servicer, along with supporting documents like pay stubs and bank account information. While you have the right to apply on your own – you are not legally required to have Jersey City loan modification lawyers supervise the process – an attorney can make the difference between success and failure or foreclosure. Attorneys can help you understand and protect your legal rights, complete the application without mistakes, gather all the necessary documentation and ensure everything is in complete compliance, identify if the servicer violates the law at any point, and present your case in the best light possible. 

How Our Jersey City Loan Modification Lawyers Can Help You

Because we are experienced loan modification attorneys, we know how to communicate with lenders effectively – how to get their attention and make them negotiate fairly with us. That can prove to be an invaluable advantage to you during this critical time! At The Law Offices of Patel and Cardenas, we will take the time to listen to your story and get an accurate picture of your financial situation so we can offer you tailored legal guidance. 

We can answer all of your questions and explain your options; we can explain your debt-to-income ratio and how that affects your likelihood of success. We will keep you informed every step of the way of everything we are doing on your behalf. Because we will handle all of the paperwork for you, our firm can save you tremendous amounts of time, money, and stress that you would otherwise have to bear the burden of on your own! 

Beware Of Scammers

The state of New Jersey has frequently dealt with loan modification scams, and has actually put out warnings to homeowners and consumers to cut down on the amount of people who are losing money to these false entities. In New Jersey, you must be registered as a Debt Adjuster under the NJ Debt Adjuster Act or an exempt entity in order to act on behalf of someone else in obtaining a loan modification. This means that if the person you are considering hiring does not fall into the following categories: 

• An attorney-at-law licensed to practice in New Jersey who is not principally engaged as a debt adjuster,
• A person who is a regular, full-time employee of a debtor and who acts as an adjuster of the employer’s debts,
• A person acting pursuant to any order or judgment of court, or pursuant to authority conferred by any law of this State or the United States,
• A person who is a creditor of the debtor, or an agent of one or more creditors of the debtor, and whose services in adjusting the debtor’s debts are rendered without cost to the debtor, or 
• A person who, at the request of a debtor, arranges for or makes a loan to the debtor, and who, at the authorization of the debtor, acts as an adjuster of the debtor’s debts in the disbursement of the proceeds of the loan, without compensation for the services rendered in adjusting those debts, 

…then you are most likely being scammed, and should contact the proper authorities immediately. Our attorneys can help you further clarify what these categories mean so you can proceed with confidence. That is another reason why it is best to work with a reputable Jersey City loan modification lawyer from the start! 

Trust The Law Offices Of Patel & Cardenas 

If you need legal help, call our knowledgeable Jersey City loan modification lawyers and schedule a free consultation! We’ve helped hundreds of clients save their homes and get back on their feet financially, and we can help you do the same. We have over 30 years of collective experience on our team, in multiple areas of law such as estate law, probate law, foreclosure law, bankruptcy law, litigation, and more. Our attorneys are licensed in New Jersey as well as New York. Our firm has a vast network of realtors, investors, and mortgage brokers at our disposal who can also be of assistance to you! Unlike many other loan modification attorneys who are purely equipped to handle paperwork, we aren’t afraid to fight for you in court if the need arises. The Law Offices of Patel & Cardenas can set your mind at ease! Call today.