Nashville Loan Modification Lawyers
Many people who are faced with significant financial challenges may have the option of loan modification as a possible solution. A loan modification may allow a person in debt to get a more favorable interest rate and a better organized plan for repayment that fits his or her ability to pay. In many situations, however, a loan modification is only a short-term fix to a larger problem.
At the law firm of Rothschild & Ausbrooks, PLLC, our lawyers understand the difficulties that our clients are faced with and try to find long-term solutions. We understand the hesitancy that people have when considering bankruptcy as an option and the desire to find alternatives. It is important to know, however, the myths regarding the loan modification process and whether the modification of a home loan will really provide an adequate outcome for your situation.
Murfreesboro Mortgage Modification Attorneys
While loan modification programs that are advertised may seem like a quick fix, they may only move debts around without a long-term plan, provide little savings or relief, and fall apart when creditors decide to change their terms. In fact, a loan modification program can leave you with the same problems that you faced at the start of the process, after wasting valuable time and money.
Bankruptcy, on the other hand, is designed to be a constructive solution to financial challenges. Unlike debt restructuring and loan modifications programs, bankruptcy laws of the U.S. and the state of Tennessee protect people in debt who are filing.
Contact Our Nashville Loan Modification Lawyers
Please contact Rothschild & Ausbrooks, PLLC, today to learn more about loan modifications and the advantages of bankruptcy in Tennessee.