Loan Modification

Loan Modification Attorney


Falling behind on mortgage payments puts you in a position of losing your home through foreclosure to the lender. Programs are available to help troubled homeowners keep their homes and stop foreclosure proceedings. Lenders do not want to seize properties and are willing to work with homeowners through the possibility of a loan modification. If you faced with losing your home, you need to seek advice from a local bankruptcy attorney who is knowledgeable and experienced in helping people retain their property by simply modifying their home loans. Our attorney Daniel Stone has successfully represented clients across the state of South Carolina to modify their mortgage loans.

What is Loan Modification?

A loan modification enables a borrower and lender to work together to restructure a mortgage with the goal of allowing the borrower to keep the home. The mortgage lender and borrower work together and agree upon terms wherein the borrower can make timely payments in the future and the bank will not continue foreclosure proceedings. In order to qualify for a loan modification, you must provide specific financial information as requested in an interview.

You may be eligible for the following options:

a) Rate reduction programs that lower the interest rate on a loan so monthly payments can be made more easily and consistently.

b) Recapitalization programs that place the amount of past-due loan payments at the end of the loan allowing the loan to move to a current status.

c) Principal reduction programs are not always available but many companies and attorneys freely advertise this possibility.

It is important that you consult with a qualified attorney regarding a loan modification on your mortgage. You should be actively working to avoid the loss of your home. In the current economic environment, many people are taking advantage of the loan modification options available to them. At Stone Law Firm, we have years of experience in helping people who are experiencing financial difficulties and faced with losing their homes because they cannot keep up with monthly mortgage payments. 

When you hire Stone Law Firm, you can rest easy knowing that the counsel you receive is backed by over 20 years of experience. Every loan modification case we take is examined with care and great attention to detail, and we help clients find the solution that works best for their specific situation.

We serve clients all over South Carolina with office locations in Columbia, Florence, and Greenville. If you are looking for an experienced loan modification attorney, contact us today to learn how we can help you modify your loan. Call (803) 389-0408 or request an appointment using our online form.