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. Contact 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.