Loan Modifications

Nevada Loan Modification Lawyer

A loan modification is a change made to an existing loan agreement. When money is borrowed, especially for a home mortgage, there can be many different reasons that adjustments need to be made. Making the changes though, can be a lengthy and difficult process.

If you or someone you know is interested in modifying an existing loan, we can help. At Price Law Group, our seasoned attorneys have extensive experience getting through all of the red tape that can be involved in changing loan terms. Hiring a skilled Nevada loan modification attorney to negotiate on your behalf can make a big difference in achieving a more favorable outcome, especially if you are dealing with larger banks like Bank of America, Chase Bank or Wells Fargo.

Benefits to Loan Modification

There can be many benefits to changing the terms of a loan such as:

• Reduction of interest rates
• Reduction of principle balance
• Extension of loan term
• Changing adjustable rate to fixed rate
• Arranging a payment schedule to pay interest owed

Changes can be made to any type of loan, but they can be especially helpful when home foreclosure is eminent. Negotiating terms, or even short sales, with a bank can help to avoid the negative repercussions that foreclosure can leave on your credit rating.

Our attorneys are standing by to assist, should you find yourself in need of a loan modification. We can answer questions and guide you in a direction that makes sense, based on your individual situation, needs and goals. We vow to protect your rights and keep you informed from beginning to end, so you always know where the negotiations stand.

If you or someone you know is looking to change any aspect of an existing loan, Contact a Nevada Loan Modification Lawyer from our firm now for assistance.