Minneapolis Foreclosure Prevention Lawyers
It is not in a bank's interest for its customers to default on their loans. Banks are out to make money and need their customers to make payments to them like every other business. If you are a homeowner and you are concerned about the possibility of foreclosure, it may be possible to negotiate a loan modification in order to save your home.
At the law firm of Patrick Burns & Associates, our attorneys have spent years negotiating with banks about mortgage workouts in the Twin Cities and throughout greater Minnesota. We have helped numerous people refinance their home loans. For more information regarding a loan workout and whether a modification is in your best interests, contact our firm and schedule an initial consultation.
Minnesota Loan Modification Attorneys
Loan modification companies care more for their bottom line than they do about you. Often, you will be required to pay into a special account until the company has enough money to offer your creditors a deal. While you are building up your account, you will also be required to continue to pay your creditors. The company you thought you hired will not negotiate on your behalf until they have their fee paid and enough money in the bank.
Many people find they cannot maintain the additional payment into the account and have to file bankruptcy. The loan modification company then skims its fee off the top of the account and only returns what is left of your own money. It is no wonder Minnesota's Attorney General will not let these companies set up operations in our state.
A lawyer has the ethical and professional obligation to vigorously and fully represent your interests. That means looking for every opportunity to negotiate a better deal with your creditors and banker. An experienced attorney on your side means that you can trust that your financial interests are being cared for and your rights are protected.
At Patrick Burns & Associates, we know what terms mortgage lenders and creditors are likely to accept, and we know your needs. We address the challenges, the goals and the outcomes that will work for you. Contact us to arrange a free initial consultation.
