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Save My Loan offers a wide range of home relief services like foreclosure defense, mortgage loan restructuring, bankruptcy relief, and more. We are up to date on all Covid-19 pandemic mortgage hardship options that have impacted homeowners all across America.
Described as a modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan, loan modifications may involve a reduction in the interest rate, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.
A 50-state licensed paralegal may take the necessary steps allowing you more time for refinancing or modifying your mortgage. This may involve defending the foreclosure lawsuit, leading to a mortgage loan modification, bankruptcy relief, or other legal options. Save My Loan will help you with refinancing and mortgage modification.
Bankruptcy is another option many homeowners consider when facing a home foreclosure. In fact, a Chapter 13 bankruptcy case can help save a house in foreclosure. The filing may stop the sale and give you a way to catch up on the past-due payments, all while helping you manage your other debts, as well.
Mortgage Loan Restructuring Programs
Homeowners behind on their mortgage or experiencing financial hardship may not qualify for a refinance, although some may qualify for a loan modification.