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Loan Workouts on Mortgages

By
Real Estate Attorney

LOAN WORKOUTS IN Texas

Helping Protect Your Home

Residents throughout the DFW and the greater part of North Texas have not been immune from the harsh economic climate that enshrouds our country. From predatory lending and subprime loans to job insecurity and unforeseen misfortune, there are a number of various reasons why homeowners throughout the region may be facing negative financial repercussions and foreclosure. If you are one of the many homeowners facing foreclosure, at risk of foreclosure, behind on your payments, or struggling with an underwater loan, then this is your opportunity to find the bold, experienced assistance you need to defend against foreclosure and protect your home.

Homeowners currently upside down on their loans, current or behind on payments, or at risk of foreclosure can all find effective solutions tailored specifically to their situation. Among the many foreclosure defense and debt relief options available, loan workouts have proven a viable and highly effective method of allowing homeowners to protect their property. Loan workouts are a type of loan modification in which a borrower initiates negotiations directly with their lender. The purpose of these negotiations is to reach an agreement that allows borrowers to reorganize and restructure their debts and the terms of their loan.

Loan workouts offer various options to homeowners. In order to successfully negotiate a loan workout, however, lenders must give their approval, which means that homeowners must state their case as convincingly as possible. Based on assessment of your financial situation, our legal team can help you analyze your loan workout options. You may be able to create a repayment plan with your lender that allows you to roll missed mortgage payments into a new loan agreement. You may also be able to catch up on missed payments by increasing mortgage payments for certain months or for a certain period of time in the future.

Experienced DFW Attorneys Can Guide You Through the Process

Whatever your case may be, our legal team is not afraid of rolling up our sleeves and doing what needs to be done to help you obtain the best possible terms and results. Where others in the industry may avoid these complex matters, or may simply lack the skills and experience to handle them, our legal team shines. We have helped numerous homeowners, homeowners just like you, find and initiate the best possible loan workout options to protect their homes. Equipped with this focused experience and our unyielding commitment to your needs and goals, we can help guide you through the loan workout process. We strongly encourage anyone who may be interested in learning more about loan workouts to speak with a member of our legal team as soon as possible. We are here to help, and we are confident in our abilities to handle your case successfully. Contact us today. Additionally, consider options of hiring a personal injury attorney in Houston for injury law needs.