Ira J. Metrick, Esq.
Consumer Advocate & NJ Foreclosure Attorney
Loan Modifications adjust the terms of a mortgage, such as lowering interest rates, extending the loan period, or restructuring payments. As such, they are a powerful tool in the fight to save your home and prevent foreclosure. Experienced NJ Loan Modification Attorney, Ira J. Metrick, can help. Call today for a free consultation.
Here is a printable document explaining the process and steps you need to take when applying for a loan modification in NJ. We will help you answer all of these questions and assist you every step of the way.
Yes, submitting a complete loan modification application can stop foreclosure.
When a loan modification application is under review, lenders often pause foreclosure, giving homeowners critical time to make arrangements. A successful modification allows homeowners to catch up on overdue payments and keep their homes.
There is no requirement that the modification lower the monthly mortgage payment.
To qualify for a loan modification, New Jersey homeowners generally need to show documented proof of financial hardship (such as a medical issue or job loss) and enough of a sustainable income to afford modified payments. Consulting an NJ loan modification attorney can help clarify specific qualification requirements and increase your chances of success.
By working with an attorney, New Jersey homeowners have a much better chance of preventing foreclosure with a successful loan modification.
If you need help with a New Jersey loan modification, contact our firm today. We offer close support throughout the loan modification process, ensuring that the lender follows proper procedures and has not violated your rights as a borrower. If you are facing foreclosure or need help with the NJ loan modification process, contact the law office of Ira J. Metrick today to discuss your options.
