Long Island Bankruptcy Attorney
Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Lawyer Law Firm Overview Attorney Profiles Bankruptcy Evaluation Form Contact Us
Bankruptcy Practice Areas
Long Island Bankruptcy
Alternatives to Bankruptcy
Bankruptcy Exemptions
Bankruptcy FAQs
Bankruptcy Law
Bankruptcy Overview
Consolidate Your Bills
Creditor Harassment
Debt Consolidation vs Settlement
Discharging Debt
Eliminate Your Bills
Filing Jointly
Freezes On Your Bank Accounts
Is Filing Bankruptcy Right For Me?
Life After Bankruptcy
Loan Modification
Tax Debt & Bankruptcy
The Jacoby and Jacoby Difference
The Means Test
Top Bankruptcy Myths
Types of Bankruptcy
Wage Garnishments
Why Hire a Bankruptcy Attorney
Your Bankruptcy Consultation
Bankruptcy Blog
Bankruptcy Videos
En Espanol
Bankruptcy Law

Deciding Whether to Accept a Lender's Offer

If you are having trouble keeping up with your mortgage payments, whether due to job loss, an adjustable rate mortgage or other issue, you may be offered a reinstatement plan by the bank. Should you accept this offer? Do you have any options, other than foreclosure?

A loan modification, properly negotiated, may offer a homeowner a way to reduce mortgage payments and keep his or her home. An experienced attorney may be able to negotiate to reduce interest rates, extend the length of the loan or even forgive mortgage arrearages. Sometimes the principal can even be reduced. A borrower may have fallen significantly behind due to a hardship such as divorce, the death of a spouse, job loss or disability. If the borrower qualifies, a loan modification may offer a way to significantly reduce monthly payments.

A skilled attorney has numerous advantages in the loan modification process. Knowledge is a powerful tool, as is the ability to file suit against a lender who is acting in violation of a homeowner's rights. With the correct approach and the right amount of pressure, a loan modification attorney can assist a homeowner in negotiating a viable modification to his or her mortgage loan.

Jacoby & Jacoby is a Long Island law firm comprised of experienced professionals in foreclosure defense,loan modification and bankruptcy. For helpful guidance and information about the firm's services, contact a Long Island loan modification attorney today.


No Comments Posted
Click Here to watch our Bankruptcy Videos
Fill out the form below to email our law firm.
Leave feedback about our services here.
Bankruptcy Law Visit us on Facebook Follow us on Twitter
Bankruptcy Law
Long Island Bankruptcy Lawyer | Contact Us | Site Map | Privacy Policy

Attorney Web Design

We are a qualified debt relief agency. This is Attorney Advertising. The information on this website is for general information purposes only. Nothing on this or associated pages should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.