The Washington State Department of Financial Institutions (DFI) advises homeowners who are delinquent on their mortgage to exercise caution when utilizing the services of another person offering to assist them in working with their lender(s) to modify the terms of their home loan(s). The DFI has received a large number of inquiries regarding the legality
Loan Modification Lawyers in Orlando, Florida A loan modification is a restructuring of an existing mortgage loan. Most homeowners are unaware that a loan modification can prevent foreclosure and save their home if they don’t qualify for refinance. This may also preserve their credit. Loan modifications are granted to individuals that can demonstrate a current
Avoiding Foreclosure is a possibility, even far into loan default. A Loan Modification is a way to for homeowners to avoid foreclosure and keep their homes, and a lender’s response to the buyer’s inability to pay their home loan. There are various Loan Modification options available: Home Affordable Modification Program Homeowner Affordability and Stability Plan
Chapter 11 reorganization, also called liquidation bankruptcy, is filed by businesses like corporations and partnerships or individuals who owe more than approximately $1.1 million dollars of debt. What’s the difference between Chapter 7 and Chapter 11 Bankruptcy? Chapter 11 reorganization helps keep businesses afloat while they reorganize their debts and come up with a repayment
What is a Chapter 13 Reorganization? Chapter 13 Bankruptcy is a type of personal bankruptcy that allows individuals suffering from debt to seek relief from the court. Chapter 13 will allow you to retain your assets by organizing a repayment plan based on your needs, as long as the debt is paid in full in
