Slinde Nelson Stanford
Toll Free: 866 601 9440 Portland: 866 280 7562 Seattle: 206 237 0020

Portland Real Estate Law: Loan Modification Help

Modifying a home loan through a bank can be a Herculean task. Contrary to popular belief, modification of loans is not a brand new industry spawned by the mortgage crisis in late 2008. Many lawyers have been assisting business and individual clients in loan workouts for many years.

The successful applicant is usually the consumer who has the fortitude to wade through mountains of paperwork and seemingly ridiculous questions. But examining those that make it over the mountain, there is a pattern that emerges, whether you're going it alone or employing an attorney to help you.

They do their homework and come prepared. The successful mortgage holder is prepared for a long, tedious process. Go to the banks website and understand their departments and procedures as much as possible. When it's time to call the lender, have all your documents spread out and ready to go.

They take notes - of every phone call, and every communication. And their notes are at the ready - always.

Follow the calendar and ask if there is anything you can do for any upcoming appointment. Make their job easier by getting your documents in ahead of time and verify their receipt by your banker. Use certified mail and don't be afraid to show your own urgency.

And as every other attorney will tell you, never give up. Tenacity of purpose and singularity of intent is the only way to get the job done. The loan modification process is like a sprint, and no matter what happens, if anything goes sideways, keep going, and don't give up!

No Comments

Leave a comment
Comment Information

Slinde Nelson Stanford
111 Southwest 5th Avenue Suite 1940
Portland, OR 97204

Portland Law Office Map | E-mail
Phone: 866 280 7562

Slinde Nelson Stanford
601 Union Street, Suite 2600
Seattle, WA 98101
Seattle Law Office Map | E-mail
Phone: 206 237 0020

What's New at SNS