Loan Modification Assistance From Jacksonville Attorneys
Self-proclaimed "loan modification experts" are a growing danger. There are no regulations or watchdog agencies in this explosive new industry. In fact, no special license or education is required to bill oneself as a "loan modification expert."
Sadly, some of the same families who fell prey to shady home loan schemes in the first place are now at the mercy of these so-called loan modification experts — many of whom are likely to just take the money and run.
Arnold & New is a well-established Jacksonville law firm with a strong emphasis on providing legal services relating to debt relief. One of the many services we offer is renegotiation of home mortgages — to help families stay out of bankruptcy and avoid foreclosure or short sales.
Professional and Ethical Help With Loan Modifications
At Arnold & New, your loan modification will always be handled by an attorney with significant experience in the area of debt relief. We do not ask our case managers, assistants or paralegals to handle loan modification negotiations.
Even if you are many months behind on mortgage payments, relief from unmanageable payments may still be possible. Even if your mortgage is underwater or upside down, we may be able to negotiate a modification on your behalf. We also provide clients with foreclosure assistance.
We do not ask you to pay fees before you know the result — in other words, we do not charge a flat fee in advance for assistance with loan modification negotiations. Instead, we place your fees into a trust account and withdraw our fees only as we perform legal work on your behalf. You will receive detailed billing statements so that you know exactly what steps we take.
Loan Modification Options
Depending upon the precise circumstances of your home loan, we may pursue one or more of the following options with your mortgage company:
- Negotiate a lower, locked-in interest rate on an adjustable rate mortgage or a mortgage with a balloon payment
- Modify the length of repayment, for example from 30 years to 40 years
- Reduce the principal amount, which some lenders will agree to rather than a short sale or foreclosure proceedings
Contact Arnold & New
We have immediate appointments available. Contact us today to schedule a consultation with one of our experienced lawyers.
