Considering a mortgage loan modification?

Great! Let out attorneys help review the option available to you. The process can be quite tedious and there are a few general pieces of information you should know before you proceed.

The most important aspect of loan modification is that laws governing mortgage loans vary by state, each offering ways to assist homeowners that are experiencing financial troubles and possible foreclosure. The main difference between states is how they handle foreclosure.

Judicial vs Non-Judicial States

If you are considering mortgage loan modification in order to avoid foreclosure you should find out if you reside in a judicial or non-judicial state. In judicial foreclosure states, the foreclosure process is managed through the court system. Texas is a non-judicial foreclosure state, meaning they handle foreclosures independent of the court system.

Foreclosure proceedings in non-judicial foreclosure state are completed much faster than in judicial foreclosure states. It is important that you contact their lender as soon as your ability to make the mortgage payment is threatened. If you live in a non-judicial state, time is of the essence and waiting to take action could cost you your home.

Act Fast!

The Lee Law Firm attorneys are highly experienced in helping people facing foreclosure. We can get the ball rolling on a step towards saving your home from foreclosure, while developing a plan to get you caught up on your mortgage payments. Don’t wait for that foreclosure notice to come in the mail, contact us today to find out how we can help you!