Loan Modification Summary

Monthly loan payments may become too expensive for a number of reasons. The loss of a job, divorce, salary reduction, illness, or adjustable rates can all make current loan payments to much to handle. Loan modifications allow a loan’s terms to be changed through proper negotiation. Through these new terms the loan’s monthly payments are readjusted to an amount that is comfortable for your budget and that the lender agrees is mutually advantageous. Loan Modifications enable you to lower your monthly mortgage payments, remain in good standing with your creditor, and most importantly allow you to keep your home.

McGuire Gardner is specially positioned to handle loan modifications. Our experience in debtor/creditor rights, bankruptcy, and our work in with lending institutions enable us to efficiently handle these negotiations. Clients who previously received notices that their home would be sold or that the bank would begin foreclosure proceedings have been brought current on the debt or had these sales cancelled through loan modifications. Additionally, loan modifications have helped clients avoid any need to file for bankruptcy and have helped clients keep their homes during bankruptcy.