Loan Modification and Mediation Process

Maryland Loan Modification Attorneys

The recent real estate bust and poor economy has resulted in a record number of foreclosures. If you have fallen behind on your mortgage payments, or received from your lender a notice of intent to foreclose, your situation is not hopeless – even if you can’t afford to bring the loan current or afford your regular payments. Through loan modification or mediation we can help you save your home, and persuade the lender to modify your loan to reduce your monthly mortgage payments.

At the law firm of Gilman & Edwards, LLC, based in Prince George’s County and Montgomery County, we help clients who are struggling with debt throughout Maryland and the Washington, D.C., areas. Contact our Maryland loan modification attorneys online, or call 301-731-3303 to schedule a meeting to discuss your situation.

Dedicated Representation in Foreclosure Mediation

Mediation is a process that is designed to help homeowners and lenders come to an agreement regarding their mortgage payments. Mediation provides you the homeowner, an opportunity to be heard in your efforts to save your home. Our Washington, D.C., lawyers can help represent your interests in mediation, provide you with steady guidance throughout this process, and maximize your opportunities to get results from the lender including loan modification and other loss mitigation processes.

A successful modification may result in lower, affordable monthly payments, a reduction in the outstanding loan amount, as well as an extension of the term over which the loan must be repaid. Since there is no law requiring a mortgage lender to modify your loan, it is most important to have the best representation to maximize your chances of obtaining a loan modification. That is why having valuable legal assistance from Gilman & Edwards, LLC, is essential.

Exploring All of Your Debt Relief Options

A loan modification is a business decision made by the lender. Sometimes it is, and sometimes it is not, in the best interests of the lender to offer a modification. If not, sometimes there are other loss mitigation options that could benefit both you and the lender such as loan forbearance, short sale and deed in lieu of foreclosure. Understanding all your options is essential in determining the best course of action for you. Our Maryland loan modification attorneys can help explore all the options — not just focusing on your mortgage struggles, but all your debts. If you are struggling with debts in addition to your mortgage, it may beneficial to file for bankruptcy as a precursor to a loan modification or in lieu of a modification or other loss mitigation assistance. We can determine whether Chapter 7 bankruptcy or Chapter 13 bankruptcy is most appropriate. No matter what the case may be, we will work hard to help you stay in your home and avoid foreclosure and protect your future.

Call for a Consultation With a Rockville Mediation Lawyer

If you are concerned that you may lose your home, we can determine whether the foreclosure mediation process is right for you. Contact our Maryland foreclosure defense attorneys online or call 301-731-3303 to schedule an initial consultation to discuss your situation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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