Put Our Attorney Loan Modification Professionals on Your Side
Horror stories abound about loan modifications denied at the last minute leaving borrowers facing immediate foreclosure. Although this is typically in violation of federal directives, we have seen first hand how the banks attempt to take advantage of borrowers that are not aware of their rights. At Vannova Legal, we make it cost effective for you to obtain the assistance of attorney loan modification professionals in or out of bankruptcy.
Why Vannova Legal
Vannova Legal handles all aspects of loan modifications including advising clients, assembling modification applications, reviewing qualification criteria, submitting loan modification applications, negotiating with your lender and standing up for your rights when the lender is not on your side. We support the Making Home Affordable Program Home Affordable Mortgage Program (HAMP) as well as direct modification programs with your lender. We understand the various underwriting guidelines and will prepare you before you submit your modification. Trust Vannova Legal to stand up for your rights. If you are ultimately denied, we have other options to stop foreclosure in Arizona & Utah.
What is a Loan Modification
A loan modification is a re-structuring of your current loan term, interest rate, and/or payments. Occasionally, some of the principal balance of your existing loan may be forgiven and/or your loan term could be extended. These new terms are meant to provide you with an opportunity to stay in your home while making affordable payments for the life of the loan. It is a tool to help you avoid foreclosure if you are willing to make payments and have the income to sustain affordable payments.
Types of Loan Modifications
Most clients are familiar with the HAMP program but there are many different types of loan modification programs available and each program has unique qualification requirements. Our loan modification attorneys and other professionals will help you understand which programs are right for you.