The following Loan Modification Frequently Asked Questions videos are provided by the non-attorney spokesperson for The Law Firm of Diaz & Associates, P.A. to help answer New York loan modification FAQs. Call us today at (877) 404-6487 for a free consultation.
Will it take long to get a Modification?
Loan modifications usually take 6 to 9 months on a average.
My bank refuses to provide assistance. Can you help me?
If a bank refuses to respond to you, there are legal avenues that we can take to make them respond.
Can I handle a modification by myself?
You can do a modification by yourself. The problem is that there is certain criteria that is required to be eligible for a loan modification. Most people do not know what that is. This is why you want to use an experienced professional to handle your case.
What will I need in order for you to prepare my modification package?
The Law Firm of Diaz & Associates will guide you every step of the way. They will tell you exactly what is needed to prepare the loan modification. They will take you step by step. This is why you want to be with a experienced profession to guide you and assist you.
Can my house be rescued from foreclosure if I'm several payments behind?
In many cases we are able to help people who are several payments behind. The Law Firm of Diaz & Associates will prepare a complete and through loan modification package. Then they will submit it to your lender. This will give you the best chance to save your home from foreclosure.
Will my credit be harmed?
Your credit will not be harmed because of your loan modification submission.
Do I have other options should I not qualify for a Loan Modification?
You can do a short sale or a deed in lieu. The loan modification is the only option by where you get to keep your home.
I have a problem verifying my income because I'm self-employed. Can I still apply for a Loan Modification?
Yes! You can. All of the mortgage companies accept self employed income. There is a certain way the self employed income has to be presented to the bank. Again this is why you want to use a professional firm like Diaz and Associates.
What's in it for the bank if they agree to modify my mortgage?
It is usually beneficial for the bank to modify your home. It is very costly to take a house from a home owner. They have to put the house on the open market and try and sell it. It is financially more beneficial for the bank to modify the home and let the home owner keep the house.
How is Diaz & Associates different from the other firms?
The Law Firm of Diaz & Associates will guide you every step of the way. They will tell you exactly what is needed to prepare the loan modification. They will take you step by step. This is why you want to be with a experienced profession to guide you and assist you.
Diaz & Associates P. A.
305 Broadway
7th Floor
NYC, NY 10007
Call Toll Free:
(877) 404-6487
We also have a New Jersey Loan Modification Attorney available in our Mt. Laurel office for New Jersey residents, and a Miami Loan Modification Attorney for our South Florida residents.
