Mortgage Loan Modifications
If you have fallen behind in mortgage loan payments, you may qualify for a mortgage loan modification offered by many mortgage lenders. Mortgage lenders are willing to modify loans to help the borrowers keep their home. By modifying a mortgage loan, you obtain a lower monthly payment through an interest rate reduction or recapitalization of the mortgage loan arrearage with a longer-term mortgage loan. A mortgage loan modification may work better for you than a chapter 13 bankruptcy.
I can assist you with mortgage loan modification application and can advise you on the advantages or disadvantages that a modification may have relative to a chapter 13 bankruptcy.
As a bankruptcy law firm that represents debtors, the Law Office of Barbara E. Brunson is classified as a debt relief agency under U. S. Bankruptcy Code.