Loan Modification Attorney | Serving Ann Arbor, MI
Real Estate Matters Are the Most Significant Investment for Individuals and Businesses. Make Sure Your Assets Are Protected.
The law firm of Zelmanski, Danner & Fioritto, PLLC is dedicated to counseling, educating, and representing condominium and homeowners associations throughout the State of Michigan. Our mission is to engage in cutting-edge advocacy and representation at the highest levels of excellence for the benefit of our association clients, their boards of directors, and community …
Loan Modification Attorney | Ann Arbor, MI
Experienced. Honest. Accessible.
Fessler Law, P.C., provides skilled, personalized representation to clients in Ann Arbor, Michigan, and surrounding areas. For more than 15 years, I have helped clients attain positive legal solutions. Your goals are my goals, and I will work diligently to help you achieve your best possible outcome. Additionally, I am committed to straightforward, open communication. The …
A mortgage loan workout, also called a mortgage modification, is a plan detailing how to restructure a home loan when the homeowner is facing foreclosure. Lenders consider the seriousness of the hardship, the balance of the loan, earned equity, and the borrower's future financial prospects. Lenders may lower the interest rate or extend the loan.
If you are considering a mortgage loan workout you should first consult an Ann Arbor lawyer who handles workout cases. The lawyer can guide you through the workout process, advise you about your alternatives, such as a short sale, negotiate with the lender and protect your interests.
No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.
Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney's hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.
Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.
Flat fee: For "routine" legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.
Affidavit - A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.
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