As an unsuspecting homeowner, you may be tempted to get help from the first loan modification lawyer you meet. But just because someone is a loan mod attorney doesn’t mean they’re the best one for you. If you’re looking for legal assistance to help you obtain or negotiate a loan modification agreement, you should make sure you’re getting the best help you can find for your particular situation. To make this process easier for you, we’ve compiled a list of mortgage questions to ask so you can vet your attorney options and find your best match.
At Denbeaux & Denbeaux Law, we are committed to helping homeowners avoid and fight foreclosure. Experienced loan modification attorney Josh Denbeaux may be able to assist you through the loan modification process from application through negotiation and beyond. Contact us today to learn more about how Denbeaux may be able to help you.
What Is a Loan Modification?
A loan modification allows you to change the original loan that you agreed to with your mortgage lender. There are a variety of things that can change about your loan because of a loan modification. Your modification could reduce your interest rate, reduce your payment amount, extend the length of your loan, or reduce the principal of your loan.
What Questions to Ask About Loan Modifications
When considering an attorney to represent you through your loan modification, there are some important questions you should be sure to ask. These types of loan modification questions help you make sure you choose a lawyer who’s going to be able to help you through the entire loan modification process.
Are you an attorney?
Some companies aren’t law firms but may offer to help with debt relief or mortgage consolidation. Before agreeing to work with someone on your loan modification, you should make sure they are an attorney or licensed to practice law. In New Jersey, all foreclosure-related matters go through the courts. Working with an attorney is the best way to set yourself up for success.
Are you experienced with loan modifications?
This is one of the most important questions you can ask a lawyer you want to represent you through a loan modification process. If you’re considering making a change to your mortgage, you should make sure that you’re working with an experienced attorney. They can help you determine the best option for you and be available for you to ask any mortgage questions you may have.
Over the last 15 years, Joshua Denbeaux has represented thousands of New Jersey homeowners through all different aspects related to the foreclosure process. If you’re looking for a lawyer with experience across a wide range of loan modification proceedings, contact Denbeaux today.
Have you ever worked with my specific mortgage company?
Every mortgage company can have different processes and procedures when it comes to loan modifications. Working with an attorney that has specific experience with your mortgage company can help make your loan modification process that much easier for you.
There are hundreds of mortgage companies in the United States, but there are some that make the process more difficult and complex than others. Josh Denbeaux has represented clients in loan modifications with some of the largest mortgage companies as well as some of the smallest and has a wide range of experience with different companies. We list some of the most common mortgage companies in the sidebar on our page about loan modifications.
How long is the loan modification process?
The length of the loan modification process varies from case to case, and in some scenarios, your mortgage lender may try to drag out your loan modification process. Working with an experienced loan modification attorney may help move the process along quickly and efficiently. Additionally, the specifics of your situation might impact how long your loan modification might take. An experienced lawyer may be able to analyze the details of your situation and give you a better idea of a timeline.
Will you use ‘violations of law’ as a negotiation tactic?
If traditional tactics for loan modifications don’t work, there are other options for a lawyer to take. An experienced attorney can take an extensive look through your original agreement to identify any servicer violations of the law or unjust tactics. Your entire mortgage agreement could be completely void if violations are found. Most loan modification cases don’t require this, but it’s good to know that your attorney will do everything possible to get the best possible outcome for you.
Contact a Loan Modification Attorney
A loan modification can be a life-changing solution for homeowners who are struggling to make their mortgage payments. This may seem like an opportunity you should jump on, but it’s important to be careful who you seek loan modification help from. You want to make sure you’re setting yourself up for success by working with an attorney who not only has experience with the loan modification process from start to finish but also is going to keep your best interest in mind and fight for you throughout the entire proceeding.
Joshua Denbeaux is an experienced loan modification attorney who has been helping homeowners for over 15 years. If you’re considering a loan modification as a solution to your financial struggles, contact Denbeaux Law today.
