Navigation

LOAN MODIFICATION DEPARTMENT

The subprime mortgage meltdown and the decline in real estate sales and real estate values in California has resulted in thousands of homeowners facing loss of their properties through foreclosure. Many homeowners are simply walking away from their properties without evaluating whether there were alternatives that might have resulted in saving the property, minimizing the damage to their credit score, or avoiding a deficiency judgment.

Trivino Perez & Associates provides assistance to homeowners who have fallen behind or can no longer keep up with making payments on their loans.   Our Loan Modification Department is well-versed in all aspects of negotiations with lending institutions to change and reduce mortgage monthly payments and terms.

According to the HUD, a Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan allowing the loan to be reinstated which in turn results in a payment the mortgagor can afford. In most cases the homeowner who seeks a Loan Modification will indeed qualify for a reduction.

The main advantage of loan modification is that a homeowner gets to keep her home with more comfortable mortgage terms.