Foreclosure is a scary word. And for thousands of Americans, it's an imminent possibility. But now that the country is coming out of a recession and housing prices seems to be stabilizing, you might think the best step to keeping your home would be to refinance it, or to work out a loan modification with your lender. So why won't the lender let you modify your mortgage?
The short answer, as always, is profit. Your lender makes more money from making you suffer through the lengthy delinquency and foreclosure process than he does from modifying your loan. How could this be?
If you're having difficulties modifying your mortgage, it's time to give attorney Clint Chase a call. He is a qualified foreclosure attorney and is available to talk with you to discuss your options moving forward.
Have you been unable to get your lender to modify your mortgage? Fill out our contact form and find out for free if our plan is a better plan for you.
Our law office provides legal services to victims of foreclosure as well as loan modification relief to clients throughout El Paso. We can help!