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Irvine Loan Modification Attorneys

What Is a Loan Work-Out in California ?

A loan modification, otherwise known as a loan work-out, is a process by which your mortgage lender agrees to change or “modify” the terms of your existing mortgage, allowing you to continue or resume making payments on the loan and helping you avoid losing your home through foreclosure.

Modifications can result in one or more of the following ways:

  • Reduction of interest rate
  • Extension of loan term, such as extending a 30-year mortgage to a 40-year term
  • Converting an interest only or adjustable rate mortgage into a fixed, principle and interest payment
  • Capitalizing the delinquent amount that you owe onto the balance of your mortgage
  • Reduction or deferment of your principle loan balance

“Andy Warshaw is truly amazing! The Financial Relief Law Center will answer all of your questions and look out for what is best for YOU!”

- Nata E.

Why Should I Retain Financial Relief Law Center, APC for Modification Help?

Obtaining a loan modification is not an easy process when working with the lenders. Frustrated homeowners often contact our loan modification attorneys in desperation after many failed attempts to work with their lender on their own.

Our firm takes the guesswork out of the modification process, giving you the peace of mind knowing that a professional, reputable law firm is handling your case. Financial Relief Law Center, APC is experienced in working with the lenders and their modification assistance programs and guidelines. We will review your financial situation and analyze your income, expenses, and debt ratios to determine whether you may qualify for modification assistance. We will complete a due diligence phone call with your lender to gain insight into your loan, followed by a conference call with our head attorney to review the findings and to set realistic expectations for the modification process and possible solutions.

Should you become a client with our firm, we handle all financials, paperwork, and phone calls to your lender, taking the stress of trying to do it yourself off your plate. Financial Relief Law Center, APC processes modifications in compliance with SB 94 and therefore takes no upfront fee for modification assistance.

What Can Financial Relief Law Center, APC Do Differently?

Regulatory Complaints

One tool we utilize is to file a consumer regulatory complaint with the appropriate regulator to escalate the file review. This is a key tactic when consumers experience unwarranted or unnecessary difficulty in attempting to work with their mortgage servicer for a modification.

Our basis for regulatory complaints include the following issues:

  • Servicer claim to not receive the homeowner’s modification application
  • Lack of communication and response from the servicer and case representative
  • Perpetual review processes without progress or meaningful updates
  • Lack of knowledge or competence by servicer representative
  • Misrepresentations made by the servicers
  • Negligence in handling a homeowner’s modification request
  • Failure to comply with MHA guidelines
  • Failure to exhaust non-foreclosure options prior to foreclosing

Having a knowledgeable attorney who can effectively identify these issues and leverage them to your lender, servicer, and regulator can make the difference between losing your home and obtaining an affordable mortgage payment and sense of security for your family’s future.

What Makes Us Different

  • 25+ Years of Combined Legal Experience

    Our team of attorneys has extensive knowledge of bankruptcy and estate planning law, with over two decades of combined experience between them.

  • Solutions Fit for Your Unique Case

    No two individuals, or their cases, are ever identical. We seek to provide viable solutions that your unique case deserves.

  • Constant Client Communication

    You won't be out of the loop! We make sure all of our clients are up-to-date with the status of their case.

  • Free Consultations

    Why pay to have a conversation? Our phone, video and in-person consultations are 100% complimentary.

Personal & Effective
Client Care

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Loan Modifications During Bankruptcy

While there are many bankruptcy law firms in the industry, Financial Relief Law Center, APC is one of the few firms whose attorneys handle both bankruptcy filings and loan modification assistance. This allows consumers to have a comprehensive financial solution and fresh start. Once determining the best timing for filing your bankruptcy case, giving you protection from foreclosure proceedings and a freeze on your delinquency accrual, we will determine the best strategy for modification assistance. Sometimes this will occur post-bankruptcy, while other situations may warrant a review while active in the bankruptcy case.

If in active bankruptcy and your loan modification is approved, Financial Relief Law Center, APC will take the requisite steps within your bankruptcy for authority to enter into the modification agreement. We will then take the time to analyze and discuss whether continuing in the bankruptcy is in your best interest, or if we dismiss your case at that time.

Call us at (949) 570-5466 or contact our firm online. We serve clients throughout Orange County in both English and Spanish.

You Deserve Quality Representation

We take you and your case seriously. Contact us today for a free initial consultation and we will get back to you shortly!

We Serve Most Counties throughout California!