SANFIELD LAW
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Loan Modification

Have you ever heard a friend, family member or someone on television mention the term loan modification but never really understood what exactly it meant or if it could be of assistance to you? A loan modification is when you, the borrower, and your mortgage company agree to restructure your loan to make it more manageable for you. This can be done in a number of ways, depending upon your particular situation. Some of the benefits a loan modification can achieve for a homeowner include the lowering of your interest rate, the reduction of your ongoing, monthly mortgage payment, the deferment or forgiveness of missed mortgage payments resulting in the cancellation of a foreclosure sale and even a reduction in the total balance owed on your mortgage!

You may qualify for a loan modification if you have experienced a financial hardship such as a loss of income, divorce or medical issues, for example. Most lenders can and want to work with homeowners, even if they have poor credit and have a foreclosure date scheduled since they do not want your home. Even if your home is not in foreclosure yet or you are current with your mortgage payments, a loan modification is an option that all homeowners should explore. It is, however, often difficult to determine what kinds of options are available to you, whether you will qualify for a loan modification and whether there is a good chance of successfully obtaining a loan modification.

At the Law Offices of Joshua B. Sanfield, P.L.L.C., you will always meet with a competent and experienced attorney who will assess your financial and mortgage situation to determine whether you qualify for loan modification assistance and what benefits you can reasonably expect to obtain from a loan modification. Many homeowners try to obtain a loan modification without the assistance of an attorney, only to find their request denied for a slew of reasons. In fact, many of these applicants would have actually received a loan modification had they initially hired an attorney to help them navigate through the maze of paperwork and red tape of the mortgage companies. If you are behind on your mortgage payments and facing foreclosure or if you merely want to see if a loan modification can help you, don’t hesitate to contact the Law Offices of Joshua B. Sanfield at 586-573-9000 today for a free consultation!








Contact Us
Phone:586-573-9000
Fax: 586-573-9001

Address:
28850 Mound rd.
Warren, MI 48092

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  • HOME
  • Practices
    • Bankruptcy
    • Chapter 7 Bankruptcy
    • Chapter 13 Bankruptcy
    • Chapter 11 Bankruptcy
    • Debt Settlement
    • Loan Modifications
    • Short Sales
    • Social Security
    • Wage & Bank Garnishments
    • Criminal Defense
  • ATTORNEYS
  • Locations
  • Reviews
  • FAQ
  • PAYMENT
  • Forms
    • Client Intake Form
    • Expense Form
    • Profit & Loss Form
  • Current Client Forms
    • Homework Packet
    • Bankruptcy Court and Trustee Information
  • Media
    • Press Kit/Media Inquiry
  • Careers