Reduce Your Mortgage Payments Through Loan Modification

When you are falling behind on mortgage payments, it may seem that there are few solutions. You do have options, however. With the help of an experienced attorney, it may be possible to negotiate a loan modification. You may also be able to change the terms of your loan as part of the bankruptcy process.

At Markowitz O'Donnell, LLP, we are dedicated to helping you get the debt relief you need. We understand how difficult it can be to fall behind on your mortgage and other loans. We will listen to your concerns and goals. Then, we can help you devise a strategy to reduce your debt and mortgage payments so you can get your finances back on track.

Modify Your Loan, Avoid Foreclosure

The loan modification process is similar to when you first applied for your loan. Your lender will need documentation about your financial situation and your ability to pay.

New loan documents will need to be negotiated and drafted. During this process, you may be able to reduce your interest rate and your payments.

You can also work to modify your loan during the bankruptcy process. In Chapter 13, you can work with your lender to modify your loan while reorganizing your debts. You will be able to develop an affordable payment plan so you can pay your bills.

Our attorneys can guide you through the modification process. We have handled modifications for countless clients, both outside of bankruptcy and as a part of a bankruptcy case.

Contact Us About Your Mortgage Options

We can help you avoid foreclosure and get relief from your debt problems. To speak with a lawyer at our firm, contact us online or call 609-482-3138 or toll free at 866-437-1189. Our office is conveniently located in Lawrenceville, New Jersey.