Mortgage Loan Modifications
Fighting to Keep Your Home Through Negotiation
The Pandemic has caused many homeowners to agree to forbearance plans with their lender. In the next few months, many of you will need to decide how to pay back your past due mortgage payments. Many lenders are open to negotiating the terms of an existing home mortgage. At Clair Gjertsen & Weathers PLLC, we can serve as your representative and advocate in finding a solution that lowers your monthly mortgage payment that keeps you in your home. You may be able to avoid foreclosure if you take action by negotiating a mortgage loan modification or a short sale.
Doing What So-Called Mortgaged Loan Modification Companies Won't
If your goal is to keep your house from going into foreclosure, a mortgage loan modification may be one of your best chances. At Clair Gjertsen & Weathers PLLC, we will review all related documentation with attention to every detail prior to working with your bank. We will then try to work an appropriate modification of your mortgage that will help you stay in your home. The help of an experienced law firm throughout this process is vital. Unlike modification companies, we conduct a detailed analysis of the existing mortgage to identify the possibility of state or federal law violations. If we succeed in finding a violation, we are better able to leverage your position during negotiation.
Helping You Through the Process of a Short Sale
While you may not want to consider giving up your home, a short sale may be a viable option to avoiding foreclosure. We handle all aspects of a short sale from working with your lender, helping you put the property up for sale, and negotiating time for you to stay in the home while the house is marketed and sold. Knowing that the market value of the property will be less than your mortgage, we work with your bank to get approval of a sale for less than what is owed and strive to have the bank release you from any further liability in regards to the balance of the loan.