Bronx Loan Modification Attorneys
If you have tried to apply for a loan modification with your mortgage lender and your request has been denied, the attorneys at Petroff Amshen LLP may still be able to qualify you for a Bronx loan modification. The Bronx Loan Modification Attorneys at Petroff Amshen LLP have decades of experience defending homeowners in The Bronx from losing their homes.
Reasons for wrong denials abound:
- Perhaps you were denied for failure to provide documents, meanwhile you have promptly presented all financial documents at the bank’s request
- Maybe your lender claims that after a modification you still have an excessive deficit, but according to your income calculations your modification works out perfectly; or it could be that your loan has failed a Net Present Value (NPV) test and as a result, your mortgage lender claims your loan isn’t eligible for a workout
- Whatever the denial reason may be, the Bronx loans modification attorneys at Petroff Amshen LLP can fight it.
Mortgage lenders are overwhelmed with the amount of Bronx loan modification applications they receive and because they’re severally understaffed, the Bronx loans modification denials that they issue are often based on improper calculations. Even the slightest error or miscalculation in your income, expenses, or property value has the potential to yield a Bronx loans modification denial.
Once your mortgage loan has been denied for a modification, most banks won’t be able to re-open your Bronx loans modification application where it left off and simply re-decision it, instead you will have to resubmit your entire application and begin the lengthy process from square one. Although, some banks offer you the option of disputing the denial if you believe it to be incorrect;typically, such disputes are rendered invalid because banks don’t re-assess the accuracy of their calculations,instead they determine the validity of the dispute based on the decision corresponding to the numbers they’ve already crunched.
The experienced Bronx loan modification attorneys at Petroff Amshen LLP are able to fight your modification denial and promptly get your loan back in review and on its way to approval.
Unlike Bronx loan modification companies, our work doesn’t stop at modification guidelines; our Bronx loans modification attorneys are extremely knowledgeable in the legal foreclosure process in New York and have experience in mediating and litigating matters in which the bank is denying a loan modification.
While Bronx loan modification companies may seem to be an appealing choice, they usually can’t assist you if your Bronx loan modification gets denied. Don’t run the risk of finding yourself alone when battling a bank that’s refusing to offer any assistance. Petroff Amshen LLP will do your Bronx loan modification correctly the first time around.
