Loan Modifications or Loan Restructuring is a method to stop foreclosure or delinquency. If you are currently making your regular payment, but will be unable to make payments when your adjustable rate mortgage increases, the Law Firm of Mas Takiguchi will negotiate with your lender to either reduce the interest rate, or extend the amortization period.

A Loan Modification or Loan Restructuring will change your existing mortgage note and give you a fresh new start in managing your home or businesses.

Loan Modification Agreements require a meeting of the minds between the borrower and note holder. Since a Loan Restructuring request typically results in less interest, many lenders have historically had little incentive to agree. However, given today's credit climate, lenders can be expected to increasingly approve modification requests.

A proactive negotiation is always preferable to incurring a delinquency. "The sooner that there is a connection there between [Borrower and Lender] to work something out on the loan, the more likely the borrower is to stay in the home." says Danny Smith, manager of loss mitigation at Fannie Mae.

Workouts usually cost thousands of dollars less than full foreclosures and repossessions, look better from a public relations standpoint and reduce the number of properties that end up in the dreaded "REO," or "Real Estate Owned," category.