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Mortgage Law, Fraud & Loan Modification
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Loan Modification in West Virginia

West Virginia has one of the highest home ownership rates in the country. But owning a home is not without its problems. As unemployment increased and real estate prices declined, many home owners struggled to keep current on their mortgage payments. Still others questioned the wisdom of home ownership—particularly if their home was "underwater," or worth less than the value of their mortgage. If you've found yourself in a similar situation, you may be a good candidate for a mortgage modification. Talk to a local loan modification attorney to learn whether you can lower your loan payments.

Getting a Loan Modified

A mortgage modification enables homeowners to lower their mortgage payments. To accomplish this, the lender agrees to change one or more of the conditions of the original loan agreement. The lender might:

  • Lower the loan's interest rate
  • Forgive some of the loan's principal balance
  • Write off some of the fees or penalties that have been added to the loan
  • Extend the length of the mortgage

You might be a good candidate for a loan modification if:

  • Your home has declined in value and is now underwater
  • You're ineligible to refinance your mortgage
  • You're struggling to make your loan payments

A mortgage modification attorney can guide you through the process of obtaining a loan modification and can review any legal paperwork your lender asks you to sign. Working with a licensed attorney also reduces the risk that you'll become the victim of a foreclosure or loan modification scam.

Find & Hire Local West Virginia Mortgage Modification Attorneys

Whether you live in Huntington, Charleston or elsewhere in West Virginia, can help you connect with local loan modification lawyers. To use our free service, phone 877-913-7222 or fill out the form on this page. Our no-obligation service will quickly match you with a mortgage modification lawyer in your area.