Mortgage Modification A Fresh Start. A New Outlook.

Mortgage Modification in Houston, TX

Discuss Your Options with a Houston Foreclosure Defense Lawyer

The housing crisis brought about changes in the way mortgage modifications are done, and even whether or not a bank will allow the modification to happen. As you might expect, mortgage lenders often do everything they can to avoid changing terms that don't work in their favor. At Payne & Associates, we work tirelessly to ensure that everything that can be done, is being done for our clients.

If you're struggling to keep up with your mortgage payments and are considering a mortgage loan modification, call our experienced bankruptcy attorneys at (713) 766-0333 for a free consultation.

Details of a Mortgage Modification

The Federal Housing Administration's Home Affordable Modification Program makes provisions for a mortgage modification to be complete within a 24-month period. As part of the agreement, lenders should waive late fees and modify the loan's interest rate to reflect the current market rate. Lastly, the loan will be re-amortized over a period of 360 months.

Mortgage Modification Eligibility

To be eligible, you must:

  • Be able to prove a loss of income
  • Show at least one source of reliable income
  • Have disposable income that exceeds 15% of your monthly pay
  • Have too little disposable income to catch up on mortgage payments within six months

Why Do You Need An Attorney?

Meeting the qualifications for a mortgage modification may be easy, but the process of proving it is more difficult. Enlisting the help of an attorney will give you the knowledge and confidence necessary to put your best case forward with the bank. Our Houston mortgage modification attorneys will work with you to find the best solution to your mortgage issues, helping you potentially avoid foreclosure.

Contact the experienced and supportive attorneys at Payne & Associates to discuss the details of your situation.

Our 3-Step Process

Designed for Your Specific Needs
  • 1. Rebuild Your Credit Score - Fast

    Most attorneys simply look at the immediate effects of a bankruptcy. Not us. We go the extra step and make sure a bankruptcy filing benefits our clients for the long-run. This means we are there to help our clients completely rebuild their lives and their credit scores as fast as possible.

  • 2. Monitor Your Credit After Discharge

    Your relationship with Payne & Associates does not end after a discharge of debt! Even in the months following a discharge, we carefully monitor your credit and how creditors are dealing with your discharge. In some instances, creditors will not remove everything, but we make sure these violations do not occur or impact your score.

  • 3. Ready to Defend Your Discharge, If Needed

    Because we are constantly and proactively looking out for our clients, we stand at the ready to defend your discharge and take action to remove any erroneous information, if necessary. Because we are understanding of the financial pressure you may be under, we will add these services for the same price as a traditional bankruptcy filing.