Loan Modification Programs As An Alternative To Bankruptcy
For many clients who come to Kurland Law Group, bankruptcy may not be the answer to a pending foreclosure. By spending time with clients and identifying their individual needs, the firm’s loan modification lawyers employ strategies that many times do not involve a Chapter 7 or Chapter 13 filing.
Many Maryland residents are still facing financial problems and falling behind on their house payments. Continuous calls from a lender lead to more serious actions involving a notice of foreclosure. Options outside of filing bankruptcy or giving up the property seem nonexistent.
Stop Foreclosure Through The Making Home Affordable Program
Programs do exist outside of bankruptcy that not only stop the foreclosure process but also make monthly payments more affordable. In recognition of the struggles that many face, the Obama administration introduced the Making Home Affordable program for struggling individuals looking to modify or refinance their mortgage. To qualify, clients must be:
- Behind on mortgage payments
- Unable to make new payments based on rate changes or escrow adjustments
- Suffering a financial hardship that can be documented
- Willing and able to make more reasonable payments
Facing financial issues in Maryland?
Whether it's bankruptcy, business law, real estate, or other legal matters, our seasoned attorneys in Rockville, MD are here to help. Get on the path toward a fresh start and resolve your financial issues today!
The Kurland Law Group
helps clients enter into new mortgage agreements with their lenders. The firm facilitates negotiations and finds a middle ground that works for both parties. Clients’ best interests are served by avoiding foreclosure and protecting their credit ratings and home equity. Banks do not have to deal with property that has lost value, affecting their profits and bottom line.
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For more information on loan modification programs, contact Kurland Law Group at (301) 424-2834 or by email.
Kurland Law Group is a debt relief agency. The firm helps people file for bankruptcy relief under the Bankruptcy Code.