Loan Modifications

Facing foreclosure is not a hopeless situation. Banks and factions within the media have taken the role of “shaming” homeowners into believing the foreclosure crisis is their fault, and borrowers should face it alone. This is simply not true. There is almost always a strategy that can be employed to help struggling homeowners, no matter what stage of foreclosure you find yourself in and what financial limitations you face. The knowledgeable, friendly and determined attorneys at Tilden & Prohidney focus on helping struggling homeowners.

The loan modification process is frustrating and tedious. Tilden & Prohidney, P.L. attorneys can explain what new laws and programs, such as “Making Home Affordable” programs,  “HAMP” programs, and “HOPE Now” programs, mean to you and what you need to qualify and participate.   Even if you don’t qualify for a government sponsored program, we can work directly with your bank or creditor to try to re-negotiate your payment terms, reduce principal, deal with second mortgages and otherwise.  Our individualized strategy will include an assessment of lender liability for violations of the Real Estate Settlement Procedures Act (RESPA) or the Truth in Lending Act (TILA) and advice on whether such violations affect your right to relief.

Hiring a lawyer to help with your modification need not be expensive. At Tilden & Prohidney, we can give targeted, as-needed advice as you work through the process or we can handle the entire modification.  Regardless, you will have at your disposal the legal expertise needed to successfully navigate the many obstacles a loan modification can present.

If you are interested in learning more about your loan options, your first step is to meet with one of our experienced loan modification attorneys to review your case. Our individualized strategy will include reviewing your paperwork and discussing your situation to determine if you lender possibly violated provisions of the Real Estate Settlement Procedures Act (RESPA) or the Truth in Lending Act (TILA) and use such violations as leverage to negotiate with your lender.