Loan Modification Attorney
Serving Clients in Silver Spring, Hagerstown, & Frederick, Maryland
What is a loan modification? This is a legal process that allows a debtor to adjust the monthly payments due on his or her loan. While a loan modification may seem appealing to an individual who is overwhelmed with monthly payments, it can be a tricky process that may end up costing more for the debtor in the end. Trying to obtain a loan modification without the help of a lawyer is something that is advised against.
The Benefits of Loan Modification
Loan modifications can have many benefits for those struggling with debt in Silver Spring, Maryland. In addition to relieving much of the stress of a debtor who is worried about failing to make monthly payments, it can also save a person's home from foreclosure.
One of the most common types of loan modifications is the modification of a home loan. With a skilled bankruptcy attorney, you can work with your creditor to negotiate a lower monthly payment. You may even be able to work a deal to lower the total cost of the debt or the loan that is owed. This could, in turn, save your home from foreclosure if you are struggling with this type of debt.
Contact The Law Office of David Cahn for Assistance
At The Law Office of David Cahn, my legal team has an extensive background in handling all types of debt-related issues. I work with individuals, families, and business owners in pursuing Chapter 7, Chapter 11, and Chapter 13 bankruptcy, in addition to defending against foreclosure, pursuing loan modifications, and protection from creditor harassment.
My law firm has seen virtually all extremes of bankruptcy and debt relief cases, and I look forward to helping you through this difficult time. To learn more about loan modification in Maryland, contact my firm.