Loan Modification in South Carolina
If you're struggling to keep up with your monthly mortgage payments or questioning the wisdom of investing more money in a home that's worth less than the value of your loan, you may be a good candidate for a loan modification. A South Carolina mortgage modification attorney can explain how the loan modification process works, help determine if you're a good candidate for a modification and guide you through the process.
South Carolina Loan Modification Basics
When you modify a mortgage, you're changing some aspect of the original loan in an effort to lower your loan payments. You may be able to modify:
- The total amount that is owed (known as the principal)
- The interest rate
- The length of the loan
During the loan modification process, your lender may also agree to let you temporarily suspend your monthly mortgage payments.
You may be a good candidate for a mortgage modification if you don't qualify for a loan refinancing and if you have regular monthly income.
Reasons to Hire a South Carolina Loan Modification Attorney
There are a few reasons to hire a South Carolina mortgage modification lawyer to guide you through the process.
Loan modification scams have become commonplace, and victims are at risk of losing not only their money but also their home. When you work directly with a South Carolina loan modification lawyer, you're less likely to become a scam victim.
South Carolina mortgage modification attorneys will also understand and be able to explain your other legal options, including:
- Selling your real estate through a short sale
- Allowing your home to go into foreclosure
- Filing for consumer bankruptcy
Find & Hire a South Carolina Mortgage Modification Lawyer
If you're ready to tackle your mortgage problems, then it's time to hire a South Carolina loan modification attorney—and we can help you through the hiring process. Attorneys.com offers a free service that can put you in touch with South Carolina loan modification lawyers in your area. To get started, complete the form on this page or call us at 877-913-7222. Whether you live in Columbia, Charleston, Mount Pleasant or elsewhere in South Carolina, we'll quickly connect you to a mortgage modification attorney in your area.