Home Loan Modifications in Rhode Island
What is Home Loan Modification?
Many lenders are participating in the President’s Home Affordable Modification Program (HAMP). Home Loan Modifications are among the simplest ways to consolidate mortgage debt and involve modifying your existing mortgage so that it better reflects your current financial situation. You may be required to show that you have sufficient income to make modified payments on a regular basis. HAMP and Home Loan Modification are not forms of bankruptcy, at the RI Bankruptcy Center we handle Home Loan Modification cases frequently.
Who is eligible for Home Loan Modification?
Homeowners whose incomes have decreased, whose interest rates have increased or those who are otherwise experiencing financial hardships may be eligible for Home Loan Modification. An attorney in our RI office will help you determine if you’re eligible for the Home Loan Modification program; call (401) 490-9000 to speak confidentially with an experience attorney.
How long does Home Loan Modification take?
Home loan modifications can take three to six months to complete. During that time, you’ll be working closely with us to straighten out all the details. As our office is conveniently located in Cranston, Rhode Island, you’ll have no problem dropping of necessary paperwork, and you’re always welcome to come in to discuss your case.
Is Home Loan Modification successful?
We’ve gotten amazing results for homeowners just like you. In fact, our waiting room is liberally decorated with thank you cards and letters from people who didn’t know where to turn until they found us. Feel free to stop in and read them while you’re waiting to speak with us; please call (401) 490-4900 for a confidential consultation and to set up an appointment with one of our experts.
Warnings about Home Loan Modification Companies
Most Home Loan Modification companies are not lawyers and are not licensed to practice law. They often advise homeowners not to pay their mortgage and require thousands of dollars upfront for their “services.” Please be very careful before falling behind on your mortgage and handing over large amounts of your hard-earned money; generally these Home Loan Modification companies do more harm than good. Be very weary of out of companies who promise: 100% Guarantee; Incredible Results; or, They Have an ‘Inside Track’.
How does Rhode Island Attorney Stephen Levesque help with Home Loan Modification?
My office does not operate like the Home Loan Modification companies you just read about. We work closely with you throughout the entire process, and you only pay us while we are actively working on your case. Additionally, my office in Rhode Island and Massachusetts is a licensed law firm and we’re sworn to do what’s right for you.
What if I’ve already tried Home Loan Modification?
If you have unsuccessfully dealt with a Home Loan Modification company and are finding yourself behind on mortgage payments or suffering worse circumstances than you were before, contact our office for a free consultation; we may be able to untangle your debts and find a way to provide relief so you can stop worrying about debt and start living your life again.