Dutchess County Loan Modification Attorney
Loan Modification - How to Prevent Foreclosure
A loan modification may be a viable option for a homeowner who has fallen
behind on his or her mortgage payments and needs to seek relief, but
bankruptcy is too aggressive an action. You may be able to prevent
foreclosure in the first place by completing a successful loan modification that alters
the current terms of your mortgage into a payment you can afford. A loan
modification may be considered to be similar to a mortgage refinance.
However, the significant difference is that a refinance involves a new
loan whereas a modification simply changes your current loan.
Working with an attorney is recommended if you are considering a loan modification.
This is a difficult process that may have lasting negative consequences
if it is not approached properly and with your best interests in mind.
A Dutchess County loan modification attorney at our firm can help by conducting
negotiations with the lender and seeking a mortgage modification that
will be beneficial now and into the future.
Call us today!
Pursuing a Successful Loan Modification
With a successful loan modification, your lawyer may be able to work out
a lower interest rate, lower monthly payments, a solution to an adjustable
rate mortgage, extensions for payments, and even reduce your loan balance
or waive negatively accrued interest. This can save you thousands upon
thousands of dollars in the life of your loan. The particular results
will vary depending on your unique case and how willing your lender is
to work with you, but with a legal professional to handle the matter you
can rest assured that your modification is in good hands. We are proud
to offer our legal services to the residents of the following areas: Dutchess
County, Orange County, Putnam County and Sullivan County.
Contact a Loan Modification Lawyer in Dutchess County
Your initial consultation at our firm is free and confidential. If you
would like to learn more about how to prevent foreclosure,
contact a Dutchess County Loan Modification Lawyer
at our law offices today.