Two Convenient Locations in Hyattsville & Gaithersburg

Law Offices of David Sandler and Associates

(301) 917-3745

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Loan Modification Lawyer in Hyattsville, MD

Purchasing a home is an exciting experience that many Americans undergo every day. However, while your financial situation may have been stable at the time of purchase, it may not always remain so. Like many others citizens, you may fall on hard times and struggle to make your mortgage payments. When that happens, it's time to learn whether professional loan modification is a viable option.

At the Law Offices of David Sandler and Associates, we offer a variety of debt services to help locals find relief from unpayable loans. A trusted loan modification lawyer in Law Offices of David Sandler and Associates, he and his skilled team of attorneys rise to meet the challenge of negotiating restructures for home loans of all kinds. We have the resources and experience needed to help you remain in your home, so reach out today to get started.


Modifying Papers in Hyattsville, MD   

Who Needs Loan Modification?

Our firm wants you to know that there is no shame in seeking assistance with loan modification; everyone falls on hard times at some point or another. The truth is that thousands of Americans seek professional legal assistance with their home loans every day, and that it's perfectly normal. 

Depending on your financial situation, you may be able to modify your mortgage by refinancing it or extending its terms. This can reduce your monthly payments drastically, enabling you to keep paying the mortgage. In Maryland, a new law allows nonbinding mortgage mediation between homeowners and lenders. The lender is not allowed to foreclose on or sell your home during this process.


Let Us Assist You with Home Loan Modification

However, the mortgage loan modification process is not always simple. Many of our clients struggle to understand the documents and loan terms. Sometimes, they have trouble working with their mortgage lender. When this happens, a loan modification lawyer from our firm is more than happy to assist with mortgage mediation and any other essential processes.

Mediation takes place in circuit courts and consists of a hearing before an administrative law judge (or ALJ). A representative from your mortgage lender must appear at the hearing or be available by phone. Because your lender's representative will be a trained professional, it's a good idea to ensure you've secured representation from a skilled loan modification attorney. The ALJ will speak to both parties, review the mortgage documents, and make a finding — which is persuasive, but nonbinding.

Contact our firm to schedule a meeting with a knowledgeable loan modification lawyer. We help clients in Hyattsville, Gaithersburg, Largo, Greenbelt, Beltsville, College Park, and Silver Spring, MD, find viable debt solutions.
 
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