McFarlin & Geurts restructuring group assists clients in virtually every type of relevant legal matter regarding debt restructuring including mortgage loan workouts and modifications, credit card elimination, and settlements. We only represent borrowers, debtors, or consumers in such matters, so we understand the unique needs and requirements individuals and businesses have in distressed debt situations. If you are considering debt restructuring of any kind, it is a good time to approach lenders with such a request as they are themselves facing liquidity crises and you may be surprised at what flexibility there is in the securitized debt marketplace today.

MORTGAGE LOAN RESTRUCTURING: Mortgage loan modification is not a new concept, it has just been rarely used until recently because home values continued to increase and borrowers in distress could simply sell their property or refinance out of foreclosure. Lenders also, up until recently, have not generally considered restructuring the terms of their borrowers existing loans because they knew they could foreclose on the distressed property and not lose money as time increased value. However, these constants have now changed, and loan modification, or mortgage restructuring, has become an important part of our global financial system. Lenders have more properties in some stage of foreclosure than they had ever imagined, and are now quite willing work with borrowers to keep their stream of payments coming, rather than have another property to sell.

McFarlin & Geurts Mortgage Loan Restructuring practice provides a broad range of services to assist financially distressed borrowers of all types including consumers, businesses, their creditors and the host of other impacted parties. McFarlin & Geurts attorneys were among the first to undertake the practice of mortgage loan restructuring during the most recent housing meltdown. We came to realize the ability and willingness of lenders to moderate harsh mortgage loan terms while engaged in mortgage litigation related to the Truth in Lending Act. Rather than litigating our client's claims, lenders were typically willing to voluntarily recapitalize arrears, lower interest rates, and in some cases even reduce principal balances. At that point we began approaching lenders for these same concessions without litigation, with surprising results, they were receptive. We didn’t need to file lawsuits to have mortgage terms moderated, lenders would do this voluntarily, at least for our clients. Years later, other law firms followed our lead and the loan modification industry has taken hold. McFarlin & Geurts attorneys were the innovators and remain the industry leaders in loan modification and mortgage restructuring. Our broad experience and comprehensive approach allows us to devise creative solutions to even the most complex situations, some of our recent successes are posted here for your review and consideration.