Unfortunately, due to today’s harsh economic situation, the number of foreclosures and bankruptcies cases has grown more and more. Literally, millions of people cannot sustain the mortgage loan, thus risking of losing the house. However, as it turns out, professional lawyers and attorneys, like the ones working at the Thorpe Law Firm, P.A.- (Bankruptcy Attorneys & Foreclosure Lawyer) - (813) 933-5051, come to your rescue by offering competent legal assistance. For instance, avoiding foreclosure can be done with a loan modification, a financial procedure which resumes to rethinking the amount and the terms of the loan. Apparently, even in the most desperate situations, a solution can be found as long as you work with experienced legal professionals.

At the Thorpe Law Firm, P.A.- (Bankruptcy Attorneys & Foreclosure Lawyer) - (813) 933-5051 they understand just how important it is to have the right person at the right moment besides you, especially in delicate situations such as foreclosure and bankruptcy. So, if you are facing a foreclosure and you lack ideas on how to proceed next, all you have to do is give them a phone call and explain the problem. After having analysed your case, they will propose an appropriate legal solution.

In many cases, the specialists at the Thorpe Law Firm, P.A.- (Bankruptcy Attorneys & Foreclosure Lawyer) - (813) 933-5051 will recommend an immediate loan modification. Basically, this loan modification implies a revision of your loan; from the interest rate to the reimbursement period. In such situation the lender will allow the borrower to change the terms of the initial agreement so that the payments can be made in time.

A basic loan modification starts with a revaluation of the borrower’s financial situation: from assets to income and expenses. In continuance, a recapitalization of arrears will take place, the loan being modified depending on the payments missed, the fees and charges of the attorney. This way the loan will increase a little bit. However, if following recapitalizing, the borrower cannot pay the payments, then modifications will be applies to the interest rate. Other measures in case of non-payment could be extension of the reimbursement period, partial claim or reduction of the main balance.

All these measures comprised by a loan modification are designed to facilitate the final reimbursement of the amount, in conditions suitable for both the lender and the borrower. So, as you can see it is not that simple. Well, with the help of the attorneys working at the Thorpe Law Firm, P.A.- (Bankruptcy Attorneys & Foreclosure Lawyer) - (813) 933-5051 all these procedures will be simpler and will go smoother. Having worked for years in this domain and with a thorough knowledge of current legislation, the attorneys working here will be able to successfully handle even the most complex cases.

For further information on additional legal services, please access loan modification https://plus.google.com/108266380762283161967/ . Visit the site The Thorpe Law Firm, P.A.- (Bankruptcy Attorneys & Foreclosure Lawyer) - (813) 933-5051 http://www.thorpelawfirm.com if you want more details on the legal areas covered, the attorneys available, the main locations or for information regarding certain issues such as foreclosure defence, estate planning, family law or civil litigation.