Friday, July 31, 2009

Avoid foreclosure with mortgage modification

When facing foreclosure in New York area, you should not delay seeking alternative to avoid foreclosure. Actually homeowners in New York have options to avoid foreclosures. One alternative when faced with imminent foreclosure is to apply New York mortgage modification or repayment plan.

With a mortgage modification you will get lower of the interest rate, or the extension of the term of the mortgage. So you can keep your home by proposing a feasible repayment plan. But just because you qualified when you first got the mortgage doesn't necessarily mean you'll qualify for repayment plan.

If your income has been unexpectedly reduced and you cannot pay the current mortgage amount, you may qualify for a mortgage modification. You should have the experience person behind you to maximize your chances. It is very important that you seek the help of an experienced attorney. You can contact Johnny the Lawyer today for New York and Florida mortgage modification to prevent mortgage foreclosure. In most cases, they can obtain additional time for you to make your payments, prevent mortgage foreclosure and possibly restructure the mortgage to be affordable. You can visit their official website at to get more information about their service.


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