California Loan Modifications
In California, the number of foreclosures is currently the 3rd worst in the United States, being surpassed only by Nevada and Florida,
with Arizona close behind. Many of our homeowners are "underwater"
on their mortgages, meaning they owe well more than their home is currently
worth. In this environment, individuals are also increasingly facing unemployment,
divorce, and unexpected medical bills. What can you do to protect your home? Your
best option is to contact Bruce C. Bridgman, California
Loan Modification attorney, to advise you on the best alternative to foreclosure.
Loan modification in California
At any time you can request a Loan Modification from your lender if you
have suffered a loss of income or some other hardship. By obtaining a
better loan with a lower monthly rate, a loan modification will allow
you to remain in your home and avoid foreclosure.
When faced with delinquency on your mortgage payments, you will begin receiving
late notices and penalties from your lender. Normally after being three
or four months behind on your payments, you will receive a Notice of Default,
followed within about forty days with a Foreclosure Notice. During this
process, or even before becoming delinquent on your payments, you can
request a Loan Modification from your lender.
Most lenders now have Loss Mitigation departments that specialize in handling
the huge volume of calls they are receiving regarding loan modifications.
Unfortunately for you, literally tens of thousands of people are calling
these departments and most individuals get lost in the shuffle.
Lawyer for Loan Modifications
Attorney Bridgman has been assisting homeowners with their Loan Modification
needs in California for over 30 years. With the large number of homeowners
needing assistance, it is necessary to have an experienced and knowledgeable
loan modification attorney by your side. The saying "the squeaky
wheel gets the grease" means that the person who complains or protests
the loudest attracts attention and service. With our aggressive and devoted
attention to your needs, we will be the "squeaky wheel" on your
behalf and get you a loan modification that will work for you.
Our office will work hard to stop any Notice of Sale on your property while
we negotiate with your lender for a loan modification that will have terms
you can live with. A Loan Modification allows us to negotiate on your
behalf for a lower interest rate, reduction of your principal balance,
waiving of delinquent and penalty fees and even a change in the length
of your loan. All of these will eventually lead to obtaining a lower monthly
rate for you with a better loan that will allow you to remain in your home.
We look forward to a
free consultation with you regarding your personal situation. We are confident we can help
you and encourage you to contact us today at The Law Office of Bruce C. Bridgman.
Contact California Loan Modification Attorney Bruce C. Bridgman to assist you in obtaining a Loan Modification.