Fort Worth Loan Modification Lawyers Serving Texas Clients
Dallas Foreclosure Attorneys – Stop Foreclosure with a Loan Modification
When a dip in income or a hike in your mortgage rate makes it difficult for you to pay your mortgage, the time to act is now. In early 2012, about 1 in every 1,000 Texas homes received a foreclosure filing. Don’t let this happen to you.
The experienced Dallas foreclosure attorneys at Fears Nachawati Law Firm can help you reduce the risk of default and foreclosure by renegotiating the terms of your present loan with your bank or lender.
If you are interested in finding out how to renegotiate your loan, please call us immediately to make arrangements to speak to a Fort Worth loan modification lawyer toll free at .
Modifying the Terms of Your Current Loan
One of our skilled negotiators at the Fears Nachawati Law Firm may be able to contact your lender and explore workout solutions that are acceptable to both you and the lender, such as:
- Reducing the Principal Amount of Your Present Loan
- Lowering the Interest Rate
- Extending the Terms of Your Loan
- Changing Your Adjustable Rate into a Fixed Rate
- Rolling Over Missed Payments into Your Current Loan Balance
Modifying a loan is best suited for those who have a steady income, but cannot afford current payments because they are too high. Loan modification is also suited for homeowners who are in arrears and cannot afford the lump sum demanded by their lender to bring the account current.
Bankruptcy Options to Avert Foreclosure Actions
If you have burdensome credit cards debt or other unsecured debt, we can explain the bankruptcy options that are available to you. A Chapter 7 bankruptcy may erase your credit card debt, medical bills, past due rent and utility bills, and signature loans in as little as six months or less. Once you are free of unsecured debt, your disposable income naturally rises, and you will have the breath of fresh air you need to comfortably make your mortgage payment.
Also, during a Chapter 13 “wage earner’s plan,” you can make affordable monthly payments within a 3 to 5 year time period. This allows you to repay your unsecured creditors and to bring your balances current in regards to your car or home loan.
Filing for bankruptcy can stop foreclosure, even if your lender has already begun proceedings against you.
A Fort Worth loan modification lawyer at Fears Nachawati Law Firm can address your financial concerns and come up with a plan designed to fit your family’s needs. Call us at to arrange for a free case evaluation at one of our legal offices.