|
|
 |
|
|
A Loan Modification Attorney Realigns Mortgage Balances by Cleo Gib
|
|
|
A Loan Modification Attorney Realigns Mortgage Balances by CLEO GIB
|
|
| Article Posted: 04/15/2013 |
| Article Views: 150 |
| Articles Written: 12921 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 410 |
| Article Votes: 1 |
|
A Loan Modification Attorney Realigns Mortgage Balances |
|
|
|
|
|
Law
|
|
|
When a homeowner owes more for their house than it is worth, they are considered being upside down in their loan. If a homeowner is unable to refinance their mortgage with another lender, they are limited in their choice to stay in the house.This is because the bank is unwilling to generate a loan that will cover any amount that is greater than the value of the property.If they are unable to sell their home for the same reason that the bank will not refinance the loan, the requirement of payment in full for the sale of the property negates selling. Because a home buyer is only willing to pay what the home is worth, many people have been forced into a difficult financial situation as their home is valued far less than what they originally paid for it. While the banks will not negotiate directly with a homeowner to reduce the amount of money they own on their property, a Las Vegas loan modification attorney can work out a deal that discounts the balance of the original home loan and realigns the mortgage balance with the actual current value of the house. Property Values Discount Mortgage Loans Lawyers are able to negotiate with banking officers even when a homeowner cannot find the right person to talk to at their mortgage company.By working out a deal that essentially forgives a portion of the money that has been borrowed to finance the house, the attorney makes it possible for the borrower to lower their balance, which lowers their monthly payments.Hundreds of dollars that once went toward interest and the balance of the loan are returned to the wallet of the homeowner who has contacted a legal professional.The debt relief that is available to someone who is upside down in their mortgage makes it possible for a high loan payment to become more manageable. The best thing about hiring a Las Vegas loan modification attorney is that the property values (which have dropped by as much as 50% in the city) are realigned with the balances that are due after the lender discounts the amount of the home loan. At The Schwartz Law Firm, our Las Vegas bankruptcy attorneys handle most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business. For more information about Las Vegas loan modification attorney, contact us today! (http://www.schwartzlawyers.com/las-vegas/real-estate/loan-modification/)
Related Articles -
Las, Vegas, loan, modification, attorney,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
