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Loan Modification

Chicago Loan Modification Attorneys

We Can Help Save Your Home

When a homeowner realizes that their financial situation does not allow them to stay on top of their mortgage payments, many of them consider applying for a loan modification in an effort to avoid foreclosure. Whether your loan modification needs are due to a temporary setback, such as unemployment or illness, or some other matter, Atlas Consumer Law wishes to help you obtain the debt solution you need to keep working toward your short-term and long-term goals.

The sooner we hear from you, the sooner we can help meet your legal needs. Call our Chicago loan modification lawyers today at (312) 313-1613 for a free, private consultation.

The Potential Disadvantages of Loan Modification

While mortgage loan modifications can seem tempting, homeowners should be aware that such modifications can actually do more harm than good. To help you understand, our Chicago loan modification lawyers have listed some possible disadvantages below:

  • Negatively affected credit score: 
    A loan modification has the potential to have little or no effect on a borrower’s credit score. In fact, the report may only show that the loan was modified, but this depends on how the lender reports the modification to the credit bureau. However, it is important to note that if the borrower missed payments, these missed payments will still affect the borrower’s credit score negatively.
  • Processing expenses: 
    Oftentimes, borrowers find that there are costly fees involved with completing a loan modification. In most cases, the lender is able to add these fees to the principle of the loan; however, this is not always the case. Late charges and other fees that a borrower has incurred during the modification will also need to be paid as well.
  • Still Potential to Lose Home: 
    Because loan modifications are designed to help homeowners facing a temporary hardship, there is an expectation that the borrower will move past the difficult financial situation and resume regular mortgage payments as they had before the hardship. However, many homeowners find that after moving through the modification process, they are back in the position of being unable to make payments. In many cases, this leaves homeowner borrowers in the same position, potential foreclosure due to mortgage payment delinquency.

At Atlas Consumer Law, we know that each person’s situation is unique, which is why we take the time to understand each case thoroughly. When you choose to work with our legal team, you can rest easier knowing we are professionals in the area of consumer law and will work diligently to obtain a successful outcome. Do not wait to get the help you need. Allow us to find a solution for you!

Effective Debt Solution Strategies at Your Disposal

Many banks offer loan modification programs to homeowners, but we urge you to think twice before taking this route. Many of these loan modification programs often do more harm than good. By aligning yourself with a firm such as ours, you may have a higher chance of securing the positive outcome you desire. Our Chicago loan modification attorneys have first-hand knowledge of the loan modification process, and our negotiation skills can prove to be invaluable when dealing with banks and lenders.

By working with our Chicago loan modification lawyers, you may benefit from:

  • Creative and innovative legal strategies
  • Passionate and well-versed in legal guidance
  • Aggressive litigation skills

We will carefully review the details of your case to determine whether a loan modification is the right form of debt relief. In some instances, we have helped clients obtain a positive outcome through the bankruptcy process or both bankruptcy and loan modification. We will identify and implement a debt solution strategy that is suitable to your case and will allow you to remain on top of your mortgage payments.

Choose Our A+ BBB Rated Loan Modification Services

Are you being harassed by creditors? We encourage you to consider our Protect The Discharge program, which can shield you from creditor harassment and negative credit reporting after debt discharge. We are proud of our firm's A+ Rating with the Better Business Bureau, which serves as a testament to the kind of representation we provide to our clients.

Explore Our Related Legal Resources

Give us a call at (312) 313-1613 as soon as possible to get in touch with our Chicago loan modification lawyers to help you with your loan modification needs. Your initial consultation is free!

Hear From Our Satisfied Clients

Reviews & Testimonials

At Atlas Consumer Law, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    "I was so stressed out, found Atlas Consumer Law & gave them a call!"

    I had absolutely NO exceptions going forward with my lawsuit against a company that harassed me for payment! I was at the ...

    - Pam S.
    "So Helpful & Responsive!"

    Everyone at Atlas was so willing to help and so responsive. I'm so grateful for the work they put in on my case! Would highly ...

    - Stephanie M.
    "Results Fast!"


    - Jake B.
    "Can Do Attitude All the Way!"

    Atlas consumer Law is amazing and they have the CAN DO attitude and will do anything to get the job done.. I highly recommend ...

    - Donnie P.
    "Thank you for educating me about my rights as a consumer!"

    The Atlas Consumer Law Group is Awesome. They promptly took care of my issue with a creditor who tried to ignore my rights as ...

    - Belinda W.
    "Absolutely Amazing!"

    I am absolutely AMAZED at this law group! I started a case in March and got it solved in early May! The debt collector was ...

    - Aline G.
    "Atlas Consumer Law Goes Above & Beyond!"

    Atlas helped us within 6 months more or less and they were an awesome team. I would definitely recommend Atlas Consumer Law ...

    - Llyod G.
    "Atlas Consumer Law is on Your Side!"

    When you need the law on you side call Atlas!

    - Arlene B.

Contact Us Today!

Talk to the leading law firm in the country about your rights for free! Fill out the form below or give us a call at (312) 313-1613 and we would be happy to give you the answers you need to make informed decisions for yourself and your family.

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