Philadelphia Loan Modification Lawyer

Bucks County & Montgomery County Pennsylvania Alternative to Bankruptcy & Foreclosure Law Firm

In addition to bankruptcy, people who are having difficulty making mortgage payments have options that are available to avoid foreclosure. Loan modification is an option that allows some borrowers to modify the terms of their home loans — in many cases with lower payments — that allow them to get current on payments. Lenders may be willing to work with borrowers to save money in the long run by helping people keep their homes.

Don't Be Taken In by Loan Modification Scams

Unfortunately, there are many dishonest companies in Pennsylvania and the United States who are attempting to lure vulnerable homeowners with promises of loan modifications, even though those companies are often unable to follow through on those promises. At Joshua Z. Goldblum, Attorney at Law, I provide honest advice and realistic solutions to clients who wish to avoid mortgage foreclosure. I will always inform you of your best options, even if they do not involve hiring me as your lawyer.

Many of the companies advertising loan modifications are not made up of lawyers. They are made up of former real estate agents and mortgage loan brokers who are attempting get business during a down time in the housing market. Do not be fooled by those who want to take advantage of your situation.

Advantages of Loan Modifications

For people facing foreclosure, attempting to modify an existing home mortgage, has many advantages. The primary advantage is the ability to keep a home while lowering payments, making it easier to remain current on the loan in the future.

In a loan modification, the lender will change the terms of the loan by adding the amount that the borrower is behind to the principal amount of the mortgage and extending the length of the mortgage at a lower interest rate. This will bring down the value of the monthly mortgage payment and make it easier to afford. This solution, however, will not work for every homeowner and lending companies will not agree to a loan modification in every circumstance.

I will first look at your circumstances to determine if a loan modification is in your best interest or if another option is right for you. If we agree to proceed, I will negotiate a plan with your lender that can help save your home and complete all of the necessary paperwork to facilitate that modification in a timely and cost-effective manner.

Contact Joshua Z. Goldblum, Attorney at Law, to Learn More

If you would like to learn more about loan modifications and what they can do for your case, contact my office in Feasterville to schedule a free initial consultation. Talk with me about your situation and take advantage of bankruptcy and alternatives to bankruptcy that could improve your financial future. Call to make an appointment at 215-322-2745.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.