Chevy Chase Bank Loan Modification

Chevy Chase Bank is the largest locally owned bank in the greater Washington, D.C. area. As with most financial institutions, its most popular products are personal and home loans designed for both regular and high-risk borrowers. For the latter, Chevy Chase has also started offering loan modification and home retention programs that help defaulting borrowers avoid foreclosure.

The bank is set to merge with Capital One, another leading mortgage lender, in an effort to reduce foreclosures on their mortgage portfolios. Chevy Chase loan modification allows borrowers to work out a better arrangement to suit their financial situation. It also pauses the foreclosure proceedings, so homeowners can catch up on missed payments in the course of negotiations.

Like most large lenders, Chevy Chase loan modification programs can drag on for several months especially for complex cases. A good way to speed up your mortgage modification with Chevy Chase is to work with a loan modification attorney. A lawyer can help you set better goals and get more personalized service from the bank. More importantly, it’s best to call them early on—the faster you take action, the better your chances of getting a Chevy Chase loan modification.