Princeton, NJ Loan Modification Lawyers

If you’re falling behind on your mortgage payments or are in danger of losing your home to foreclosure as a result, you may qualify for a loan modification that can help you stay current on your payments and save your house from foreclosure! The experienced Princeton loan modification lawyers at The Law Offices of Patel & Cardenas will offer you quality legal representation each step of the way. We will do everything we can to ensure that your request is approved and that you are getting the best 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 You Should Hire A Princeton Loan Modification Lawyer

Modifications to a loan typically result in a number of positive outcomes. Some of these benefits include extending the length of time you have to pay off your mortgage and decreasing the amount of principal you still owe, among other advantages. For many homeowners who are struggling financially in today’s difficult economic environment, this may be an excellent long-term solution to their financial issues.

Changing loan terms is not as simple as it may appear. Your loan servicer expects you to submit an application in its entirety, together with supporting documents such as pay stubs and bank records. It might be possible to do it yourself without the assistance of a loan modification attorney, however, having legal representation could make the difference between success and failure, or the potential default on your loan and subsequent forfeiture of your home. A lawyer knows your legal rights and is able to protect them throughout the process. Our goal is to assist individuals in properly filling out and filing paperwork to meet the necessary requirements. Furthermore, we can help identify breaches committed by servicers during every step of the procedure.

Avoid Being A Victim Of Scammers

New Jersey has warned homeowners and customers about loan modification schemes designed to defraud them. 

The NJ Debt Adjuster Act requires debt adjusters or other exempt parties to represent clients in loan modifications. In any case, the candidate must meet one of the following criteria:

1. A New Jersey-licensed attorney not involved in debt modification

2. A full-time debtor employee who adjusts their employer’s debts

3. A person authorized by a court order, judgment, or New Jersey or US law

4. A creditor or representative of creditors who offers debt adjustment services to the debtor for free

5. Someone who organizes or offers a loan to the debtor and acts as its administrator at the debtor’s request

Only these people can help with loan modifications in New Jersey. Homeowners and customers must be cautious and cooperate with a reputable and authorized business or individual while seeking financial assistance. These suggestions can help people avoid loan modification scams and save money.

Trust The Law Offices Of Patel & Cardenas 

Receive a complimentary consultation from the leading Princeton loan modification lawyers! Our team has helped countless individuals protect their homes and achieve financial recovery, and we would love the opportunity to do the same for you. Our skilled professional attorneys have more than thirty years of experience practicing law in a wide variety of fields, such as estate planning, probate, foreclosures, bankruptcy, and litigation. Moreover, all of our lawyers hold valid law licenses for both New Jersey and New York. We also have an extensive network consisting of realtors,

investors and mortgage brokers who can provide invaluable support throughout your journey. Unlike many attorneys specializing in loan modification who only handle paperwork matters, we are prepared to represent you in court if necessary.

At Patel & Cardenas Law Offices,your peace of mind is our highest priority. Contact us today to schedule a free consultation with us.