IT’S NOT OVER YET………..
You may be eligible for a modification even if it has been years since you made a payment; or you have been modified before; or you have filed for bankruptcy; or if you owe a lot more than the property is worth.
A foreclosure is an extremely stressful situation for a homeowner. We are often contacted by homeowners who want to know if it is too late to save their home from foreclosure or a sheriff sale. In New Jersey, the best chance you have of staying in your home is with a loan modification. Below are some examples of situations where homeowners can still get a loan modification and avoid foreclosure.
If you are in any of these situations, you may still be able to get a loan modification and save your home, even if you have filed for bankruptcy, no matter how much you owe or how long it’s been since you’ve made a payment.
Situation 1:
- A final judgment of foreclosure has been entered
- You were denied for a loan modification in 2012
- You have not applied for a loan modification since 2014
Situation 2:
- A final judgment of foreclosure has been entered
- You have been denied for a loan modification since 2014
- Your loan has been sold and has a new servicer
Situation 3:
- A sheriff sale has been scheduled
- You have not been denied a loan modification since January 2014
Situation 4:
- A sheriff sale has been scheduled
- You have been denied for a loan modification since January 2014, but your loan was transferred to a new server since the denial
Situation 5:
- A sheriff sale has been scheduled
- You have been denied for a loan modification since January 2014, but your hardship has ended
- You have a new job and a roommate to contribute to expenses
Situation 6:
- A sheriff sale has been scheduled
- You have been denied for a loan modification since January 2014, but your denial was based on a mistake
If your situation is similar to one of these examples, or you have any questions about your options for getting a loan modification, contact Ira J. Metrick today. We can conduct a thorough analysis of your eligibility for a loan modification. Based upon information about your loan and you, we can determine if you are eligible for a loan modification, and give you an estimate of the modification payment terms.
