| 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 modification 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.
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 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.
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