Can I get a loan modification if I'm delinquent on my mortgage?

Yes, it is possible to get a loan modification if you are delinquent on your mortgage in California. Loan modifications give you the opportunity to make changes to your loan, including to the amount you owe, the amount of your payment, the length of your loan, the interest rate, and other terms of your loan to better meet your financial needs. In California, foreclosure defense attorneys are available to help you with this process. These attorneys can help you negotiate with your lender to get a loan modification that works for you. The attorneys can also review the terms of the loan modification to make sure it is in your best interest. Before you can get a loan modification, the first step is typically to send a hardship letter to your lender. This hardship letter will explain why you are struggling to make your mortgage payments and why a loan modification would be beneficial. You may also be able to take advantage of foreclosure prevention programs offered by the federal government, such as the Home Affordable Modification Program (HAMP). HAMP offers loan modifications that can help borrowers who are in danger of foreclosure. If you qualify for this program, your lender will work with you to modify your loan to make it more manageable. It is important to note that the process of obtaining a loan modification can be difficult and time consuming. However, if you are delinquent on your mortgage, it is still worth exploring the option to see if a loan modification is available. With the help of a foreclosure defense attorney, you can have a better chance of getting the loan modification you need.

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Can I get a loan modification if I'm delinquent on my mortgage?

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