Phoenix Loan Modification Attorney

Phoenix Loan Modification Attorney2024-01-13T16:54:18-07:00
CLICK FOR A FREE CONSULTATION

OR call us at 602-456-6085 today.

We live in trying economic times. High unemployment, a down economy, and other factors come into play, making it difficult for many to meet their current financial obligations. For many, making mortgage payments is the most challenging of all.

Do you struggle every month to pay your mortgage? Both Chapter 7 and Chapter 13 bankruptcy offer protections and options for homeowners looking to stop foreclosure. But bankruptcy is not always the best option. Some people can achieve the results they desire by working directly with a creditor to modify the terms of their loan, reducing the interest rate and lowering monthly payments.

Contact Wright Law Offices to learn about your specific legal options. A Phoenix loan modification lawyer can help you determine if a loan modification is right for you.

Seeking a Loan Modification

Homeowners looking to modify their mortgages work directly with the lender to reach a mutually beneficial agreement. An agreement likely involves reducing interest rates or reducing monthly payments.

The Home Affordable Modification Program (HAMP) is a newer option available to homeowners at risk for foreclosure. This program is a part of the Making Home Affordable Program, which is a part of 2009’s Financial Stability Act. If eligible, a homeowner can have mortgage payments reduced to 31 percent of his or her monthly gross income (while the government provides incentives to lenders.)

Homeowners in Phoenix, Arizona, turn to Wright Law Offices for straightforward answers to their bankruptcy and loan modification questions. We can discuss your specific legal options based on your current financial situation and goals for the future. We may find that
Chapter 7 or
Chapter 13 bankruptcy is your best option to avoid foreclosure. But we may determine that a loan modification — while taking advantage of current government programs benefiting homeowners — is a better option.

Phoenix Loan Modification Lawyer

If you want to modify your loan, you may want to consult a Phoenix loan modification lawyer. It’s helpful to have someone knowledgeable and experienced on your side. Here are some frequently asked questions and answers about loan modification lawyers.

What is a loan modification lawyer?

A loan modification lawyer is a legal professional who specializes in helping individuals modify the terms of their existing loans. These attorneys possess expertise in negotiating with lenders to secure favorable changes to loan agreements, making them more manageable for borrowers facing financial challenges.

Why might I need a loan modification lawyer?

If you’re struggling to meet your loan obligations due to financial hardships such as job loss, medical expenses, or other unexpected circumstances, a loan modification lawyer can assist in restructuring your loan terms. They aim to make your monthly payments more affordable, helping you avoid foreclosure.

How can a loan modification lawyer help lower my monthly payments?

Loan modification lawyers negotiate with lenders on your behalf to achieve a reduction in interest rates, an extension of the loan term, or even a principal reduction. These adjustments can lead to a more affordable monthly payment, making it easier for you to stay current on your loan.

What types of loans can be modified with the help of a lawyer?

Loan modification lawyers typically handle various types of loans, including mortgages, auto loans, student loans, and personal loans. If you’re facing difficulties with any loan, consulting a modification lawyer can be beneficial.

Can I attempt loan modification on my own without a lawyer?

While it’s possible to negotiate with lenders independently, having a Phoenix loan modification lawyer by your side increases the likelihood of achieving favorable results. These professionals understand the legal nuances, have experience dealing with lenders, and can navigate the process more effectively.

Will hiring a loan modification lawyer stop foreclosure proceedings?

Yes, one of the primary goals of a loan modification lawyer is to prevent foreclosure. By negotiating more favorable terms, they aim to help you keep your home and avoid the dire consequences of foreclosure.

How do loan modification lawyers charge for their services?

Loan modification lawyers typically charge fees for their services. These fees may be upfront or based on a contingency, where they only get paid if they successfully modify your loan. It’s crucial to discuss and understand the fee structure before engaging a lawyer.

Are there eligibility criteria for loan modification?

Lenders may have specific criteria for loan modification eligibility, and your financial situation plays a significant role. A loan modification lawyer can assess your circumstances and guide you on the likelihood of successfully modifying your loan.

How long does the loan modification process take?

The duration of the loan modification process varies, but it typically takes several weeks to months. Delays can occur due to negotiations, document processing, and lender responsiveness. A loan modification lawyer can provide a more accurate timeline based on your case.

What should I look for in a loan modification lawyer?

When selecting a loan modification lawyer, consider their experience, reputation, and success rate. It’s essential to choose a professional who understands your specific financial challenges and has a track record of achieving positive outcomes for clients.

If you have additional questions about loan modification, contact a Phoenix loan modification lawyer. At Wright Law Offices, we are here to help you.

Contact a Scottsdale Mortgage Modification Lawyer

Schedule a free consultation at one of our law offices in Phoenix, Scottsdale, Tempe, Avondale, Prescott, or Chandler. Call 480-845-0145 or
contact an attorney online today.

We are a debt relief agency. We help individuals and businesses file for bankruptcy relief under the Bankruptcy Code.

Practice Areas

Bankruptcy Debt Assistance

Free Consultation

    Disclaimer & Send Message
    The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
    I have read the disclaimer.Privacy Policy

    Location Served

    Tempe AZ, Phoenix AZ, Scottsdale AZ, Avondale AZ, Mesa AZ and Glendale AZ

    Client Review

    "Benjamin Wright with Wright Law Office made a very difficult time for us much easier. We were struggling and did not know what our options were. He explained all our options and helped us to make the best financial decision. They made things easy and were always available to answer any questions we had. I would definitely recommend him."
    Carlos Aguirre
    Client Review

    Why should you hire our firm to represent you in bankruptcy?

    Great question. Here are a few reasons:

    • 1. Bankruptcy is our sole area of practice. Attorney Wright has over 10 years of experience in the field of bankruptcy and has helped over 1000 people successfully file.
    • 2. Attorney Wright has an accounting background that is useful in analyzing complex financial documents. Prior to law school he obtained a degree in accounting from the University of Wisconsin School of Business. He exercised his strong numerical aptitude in the field of accounting, including several years with The Kohler Co., before ultimately deciding to pursue a law degree.
    • 3. New clients meet with an attorney during their first visit. We understand your time is valuable. It is important your questions are answered quickly and accurately so you can take appropriate steps to secure a better financial future and eliminate fear and stress.
    • 4. In business, referrals are the highest form of professional compliment. We frequently receive referrals from other lawyers and previous clients.
    • 5. Our firm is small which enables us to focus on quality over quantity. We don’t have billboards on the I-10 or banners affixed to public transportation. Our approach is a bit more understated. We care about people and doing things right and it shows in our low employee turnover and positive reviews.
    • 6. Perhaps the most important consideration is the cost of filing bankruptcy. We continuously assess our fees to ensure we offer fair and competitive pricing. We want to offer you a deal without sacrificing the quality of your experience.
    Receive a FREE Consultation
    Attorney Ben Wright

    Ways we can help…

    Receive a FREE Consultation

    Use the form below or call us at 602-456-6085 today. We’re here to help.

      Our Locations

      What our clients are saying…

      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      Mr. Wright and his staff were amazing. They made a negative situation a lot better and turned it into a positive. Could really tell they care helping people and I will refer their Phoenix Bankruptcy Attorney firm to friends and family. Thanks again.

      Tara
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      I called around looking for the right bankruptcy lawyer and came across Benjamin Wright. He personally called me for the consultation seeing how I live in Kingman AZ. He was very helpful from the start and his staff was very friendly and explained any questions I had, sorry for all the questions. I would definitely recommend Wright law offices, and I do!! Thanks for everything, you made what seemed like a hard thing to do simple!! You guys rock!!!

      Steffanie
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      Great lawyer, he really helped my mother out of a jam. She was totally new to bankruptcy and he talked with us for about an hour and a half to make sure she wouldn’t be worried.

      Damian
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      Ben is a kind and down to earth attorney. He worked around my busy schedule as a single mom (school, full-time job, and daycare pick up and drop off times). He explained absolutely everything to me and was good about e-mailing. I am writing this review as a THANK YOU.

      Shannon
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      I had a very positive experience with Attorney Wright. He or his staff returned my e-mails and calls promptly (even after business hours occasionally). His fees were reasonable. He was patient with me when I showed up in court missing an important document. He is aggressive, but fair and nice.

      Jenna


      Bankruptcy And Child Custody

      When parents are going through a child custody battle, financial issues can become a point of concern. Bankruptcy and debt, [...]

      For individuals who maintain a steady income but are grappling with debts that need more time to be cleared, Chapter 13 bankruptcy could provide a viable solution. This form of bankruptcy enables debtors to retain their property while adhering to a three to five-year repayment plan. In Scottsdale, the bankruptcy attorneys at Wright Law Offices utilize their expertise in developing personalized Chapter 13 plans that are uniquely designed to suit your circumstances and work in your favor.

      When credit card debt spirals beyond control, the feelings of isolation and stress can be daunting. However, with a knowledgeable lawyer by your side, the situation can be transformed significantly. Lawyers are experienced in negotiating with formidable credit card companies, often succeeding in achieving reduced interest rates or a minimized debt total. At Wright Law Offices, located in Phoenix, our committed legal team stands ready to help you take back control of your financial situation and direct you towards other potential debt relief avenues like bankruptcy.

      The prospect of foreclosure can make it seem like your world is tumbling down. Yet, it's vital to remember that there are legal routes available to navigate this challenging situation. Foreclosure is a process initiated by lenders when mortgage payments are overdue, leading them to recover their loan by selling your property. While it sounds intimidating, our adept team at Wright Law Offices in Tempe is here to assist. We guide you through every step of the process, thoroughly exploring all viable options, such as loan modification, bankruptcy, or even contesting the foreclosure in court.

      Being in debt to the IRS can create enormous stress. However, a tax debt lawyer can intervene and significantly improve your situation. They're skilled in negotiating a viable payment plan with the IRS, striving to reduce the tax debt you owe, and in certain scenarios, even getting penalties and interest absolved. The proficient team of Scottsdale tax debt lawyers at Wright Law Offices is committed to helping you face this challenge with optimism. Leveraging our deep knowledge of tax law, we're dedicated to securing the best possible outcome for every client we represent.

      Go to Top