Save Your Home From Foreclosure! Apply For A Loan Modification! 

GET THE HELP YOU NEED TODAY!

Benefits of a Loan Modification

  • Stop Foreclosure

  • Save Your Home

  • Reduce Mortgage Payment

  • Get Out Of Debt

Foreclosure lawyer John Buchmiller has expert experience and RESULTS with 1,000+ clients. He will provide fair treatment throughout the loan modification process. You can be sure that you’re given every opportunity to relieve yourself of this incredible burden.

Speak to Chicago loan modification attorney John Buchmiller about the unique characteristics of your case.

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    How To Avoid A Foreclosed Home

    If you are a homeowner who is facing mortgage foreclosure, you are undoubtedly overwhelmed with anxiety and uncertainty about what the next several months holds for you.
    It’s an incredibly stressful situation to be in, which is why we have made it our mission to help homeowners just like you preserve their financial future through mortgage loan modification.

    Benefits of Working With an Experienced Mortgage Loan Modification Attorney

    I have dealt with almost every bank that does loan modifications. I know what each bank is looking for, and I understand each bank’s loan modification process. Some banks offer principal reductions, some offer lower than market interest rates, some extend the loan out to 40 years, and some banks do all of the above.

    A Loan Modification can be negotiated and processed by the borrower or borrower themselves, however, as with anything, if it is not something that you do every day, the chances of you doing it as well as someone that does do it every day are low. I have an experienced staff with attorneys and loan officers that are equipped with the tools and experience to get your loan modification approved!

    The way to avoid the above pitfalls is by hiring legal counsel.  We have systems in place that make sure everything is submitted on time, and we have the experience to make sure that each application is put together properly. Give us a call at 312-690-4194 today.

    Solutions To Stop Foreclosure Include:

     

    • A reduction in your interest rate

    • A reduction in the principal balance owed

    • An extension of the amortization period of the loan

    • A “partial claim”, available only to borrowers of an FHA loan

    Chicago Loan Modification

    Banks We Work With

    How to Qualify for Mortgage Loan Modification

    Borrowers often come to me after their loan modification has been denied asking why theirs wasn’t approved. The main reason for a Loan Modification not getting approved is the timeliness of getting the correct documents to them. Lender’s are very particular about what time frame they need the documents in by. For example, they constantly need updated pay stubs and bank statements each month in order to keep your file open for review. If you are late in getting them the documents they will automatically deny the file regardless of whether you qualify or not. Another reason the Loan Modification gets denied is due to the income and expenses not being listed properly on the application. Every expense and type of income must be properly placed in the correct field on the application, or the lender will automatically deny the file.

    The way to avoid the above pitfalls is by hiring legal counsel. We have systems in place that make sure everything is submitted on time, and we have the experience to make sure that each application is put together properly.