Las Vegas Loan Modifications & Home Foreclosures
The non-bankruptcy option for homeowners.
Are you struggling to make your mortgage payments? Behind on them? Or worried you might lose your home to foreclosure because you lost your job, had a divorce, had a death in the family or simply can't keep up with payments?
There is a way to keep your home without filing for bankruptcy: Loan modification
Haines & Krieger highly trained staff have a great deal of experience with the loan modification process. When you meet us for a free consultation, we can help you figure out if loan modification is the right option for you. If it is, then you'll have our extensive expertise on your side as we analyze your situation and negotiate a better deal for you with your bank.
What is loan modification?
Loan modification means negotiating with your bank in an effort to come up with a more realistic payment plan. A successful loan modification also means that you don't lose your home to foreclosure.
Loan modification means doing one or more of the following:
- Lower monthly payments
- Reduce the principal amount of your loan
- Lower your interest rate
- Turn your adjustable rate mortgage into a fixed rate mortgage
- Work out a payment plan for arrearages built up from late payments
- Waive negative interest
- Extend the time to make payments
How do you get started?
- Set up a free consultation with a Haines & Krieger loan modification professional.
- Complete our online loan modification request form
- Make sure you have the following documents:
- Your most current mortgage statement (If you have a second mortgage, then of course the most current mortgage statement for that as well.)
- Pay stubs for the past 3 months for yourself and anyone else listed on the mortgage as a borrower. (If you are self-employed, then provide a profit/loss statement for the previous 3 months.)
- Federal income tax return for the past 2 years
- Bank statements for the previous 3 months for all bank accounts you have
- The note for your mortgage (and second mortgage if you have one) + HELOC (if applicable)
- The loan application documents from when you originally purchased your home (including TIL and GFE and RESPA disclosure)
Watch out for scams!
There are a lot of people and companies out there who are taking advantage of homeowners facing financial troubles. You'll see entities that call themselves "housing counseling agencies" or offer help with mortgage or loan modification. They may even be sponsored by the U.S. Department of Housing and Urban Development (HUD). While some are legitimate, many others are scams.
NEVER pay money up front for loan modification services. Your first consultation should always be free. If someone wants to charge you an up front fee, then go elsewhere. There is no reason you should have to pay an initial fee.
Contact Us Today for a FREE Consultation
Call Haines & Krieger toll free at 1-800-LAWYERS, email us at info@hainesandkrieger.com, or fill out our New Client Intake Form.
