Should I Hire A Loan Modification Lawyer For Better Legal Assistance

Get Legal Assistance With The Help Of A Loan Modification Attorney

What Is Loan Modification Services?

Loan modification focuses on helping clients get lower mortgage rates. A mortgage lender will permanently restructure the terms of your loan agreement. The lender will agree to certain loan modifications to reduce the amount of interest on your loan. In some cases, a legal professional can get the amount of your monthly mortgage payments reduced. Sure, you can get help from a loan modification service provider, but a Nassau County, the legal professional has years of experience, and can also provide their clients with personalized services.

How Does Loan Modification Work?

When you’re behind on your mortgage payments with less than perfect credit, a modification of loan Nassau County lawyer can help. The negotiation process is a very important part of a loan agreement. Unfortunately, the details of a modification loan are very complex, and shouldn’t be negotiated solely by the homeowner. Many loan modification professionals are competing for your business because they stand to gain the most from the new term agreement modifications. Mortgage lenders typically prefer a loan modification over a foreclosure because of the amount of paperwork and fees involved.

Loan Modification Versus Refinancing

There is a major difference between a modification loan and refinancing. When you refinance your home, it’s based on the merits of your good credit. However, people with bad credit that don’t qualify for refinancing of their mortgage, resort to loan modification. A professional legal expert can help you with the steps of renegotiating the terms of your mortgage loan. The process of loan modification is different from the terms of refinancing. You receive more favorable terms with refinancing options that replace your existing loan with fixed rate loan options. More importantly, there are no fees associated with a loan modification, but refinancing your mortgage has closing costs. Get help from a modification of loan Nassau County, legal expert today.

What To Expect From The Help Of A Loan Modification Professional?

The Radow Law Group can help you stop the incessant calls and lower your mortgage premiums. There are several ways to get a loan modification, but the perplex legal terms will require a professional. A Radow attorney can help you apply for a loan with your servicer by helping you with the application process, assist you in gathering the correct financial information, and get you approved for a loan modification. You’re invited to contact a Radow attorney about your mortgage needs today.

Author: RAYMOND D. RADOW
Ray Radow is a founding partner of the Radow Law Group, P.C. His practice concentrates on Real Estate and Commercial Litigation with a focus on Foreclosure Defense Litigation and Real Estate Transactions, as well as Personal Injury and Criminal Law. Since the onset of the housing crisis, Mr. Radow has represented countless borrowers faced with the looming prospect of foreclosure and has regularly obtained loan modifications for eligible clients, resulting in significant reductions in monthly mortgage payments and, most importantly, keeping families in their homes. Mr. Radow is a former Brooklyn prosecutor and has years of experience in private practice handling all aspects of personal injury and criminal cases. He is a seasoned litigator and has frequently conducted both civil and criminal trials throughout the five boroughs of the City of New York and Long Island. Mr. Radow has also handled matters in Federal Court, and written and argued a wide variety of cases on appeal. He brings his wealth of knowledge and experience to bear in service of the firm’s clients both directly and through his personal supervision of junior associates. Mr. Radow’s prior clientele includes a variety of Police Benevolent Associations and Civil Service unions. He has also drafted numerous complex commercial agreements, and assisted U.S. corporations with overseas business development by facilitating the movement of employees to jobs throughout the Middle East and ensuring compliance with both domestic and foreign statutes and regulations.

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