Save Your Home with a Loan Modification

Are you unable to pay your mortgage because you can’t afford the payments, or because you’ve gotten behind on them and cannot afford to make them up while paying your mortgage?  If so, a loan modification may be your only chance to save your home.  Banks have made getting loan modifications rather difficult, but there is good news!

Our bankruptcy court in the Northern District of California, which includes the cities of Oakland and San Francisco, along with Alameda, Contra Costa, and San Mateo Counties, has just started a mortgage modification mediation program.  This loan modification program is overseen by the bankruptcy court, so that lenders cannot get away with doing things like saying that they did not receive documents that you have already sent them, which happens in almost every loan modification attempt.

Even  better, Florida, which is where this program started six or seven years ago, reports a two thirds success rate, and the software company that is used to upload and download the loan modification documents reports a three quarters success rate nationally!  This does not guarantee that you will get a loan modification, but it certainly increases your chances by quite a bit.

If you cannot afford your mortgage but want to save your home, contact a bankruptcy attorney today to ask about whether this loan modification program is right for you.