Loan / Mortgage Modification

What is a loan/mortgage modification? It’s an agreement negotiated with your lender that changes the original terms and conditions of the promissory note secured by your mortgage. The possible changes include temporarily suspending mortgage payments OR lowering monthly payments by:

  • Reducing the mortgage interest rate
  • Increasing the loan
  • Reducing the principal of the loan

These changes or modifications make the property more affordable for the homeowner.

The process time and the risk for error are reduced when a loan/mortgage modification is negotiated by a knowledgeable attorney. More importantly, the possibility of becoming a victim of unscrupulous scam artists is eliminated. Parker & DuFresne’s attorneys have experience working with lenders and homeowners to devise loan modification plans that satisfy both parties. They’ll review your mortgage and financial situation before guiding you through the loan modification process and negotiating with your lender.

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I was provided with a free consultation and was given great advice. I would definitely recommend Chip Parker to anyone who needs assistance with financial law. Meagan
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Mr. Parker and Mr. DuFresne along with their staff went the full mile to help my wife and I through some tough financial difficulties. They take great pride in doing what thy do and I would recommend them to anyone. Robert
Chip Parker autographs his work with excellence. Finding an attorney with real integrity in today's world of law is not an easy task. Chip believes in balancing the scale of Justice and removes the blind fold so the injustices are clearly seen. Thanks for all the good you and your firm achieve. Joy
I took a very complex problem to Chip, and he spent a generous amount of time outlining specific options. Chip has an amazing ability to grasp the important issues and quickly narrow down the key points. He is the best person to have on your side. Phenie