Most people facing foreclosure will do anything to stay in their house. Banks know that and are often willing to revisit the original terms of your mortgage. Bankers and mortgage lenders are, however, tough businesspeople looking to capitalize on every change in the market to make more money.

Loan modification can provide temporary or long-term relief, depending upon your circumstances. It may be possible to significantly lower your monthly payment by reducing your interest rate, extending the length of your loan or reducing your principal balance.

Free Initial Phone Consultation • Reasonable Fees • Years Of Experience

If you are having serious problems making your mortgage payments because of a job loss or other financial problems, it may be time to go back to the bank to negotiate a loan modification. Galloway and Collens, PLLC, is one of the Detroit region's leading real estate law firms. For more than 15 years, our lawyers have helped hundreds of individuals and families keep their home and avoid foreclosure. We are tough, knowledgeable negotiators who understand the challenges you face, the goals you are trying to achieve and the strategies to help you get the loan modification you need.

"In most situations, all parties are better off avoiding the foreclosure process. Homeowners want to keep their homes and banks want to avoid the trouble of foreclosing on and reselling the property. Although the process may be complicated, an experienced attorney may be able to help you work with a bank's loss mitigation department to modify your loan and keep your home." — Attorney T. Scott Galloway

Contact our offices to arrange a free initial phone consultation about your financial circumstances and how we can help you obtain a home loan modification. We will evaluate your situation and discuss real options that can help you get approved for the changes you can afford.

Our firm provides a full range of loan modification services to help you stay in your home, including mortgage refinance, mortgage workouts and government assistance programs.

Contact us to discuss your mortgage modification needs with a knowledgeable attorney. We represent clients in the metropolitan Detroit area and throughout Michigan.