Recently we have experienced an increase in the number of our clients receiving loan modifications. These modifications are both HAMP and In-House, temporary and permanent. The cause is unknown but for our clients, it doesn’t matter why. They are just grateful that it is happening. As the foreclosure world is still in shock with the announcement of the impending closing of Steven J. Baum, P.C., the increase in loan modifications is a good sign for distressed homeowners. There was never as good a time to defend against foreclosure litigation. Hopefully the new year will bring more of the same. These modifications are not good for everybody however. Each modification should be reviewed with an attorney to decide if the terms of the modification are right for your situation. If you are currently in foreclosure or in danger of falling into foreclosure, and you have any questions, please call (516) 858-2620 to speak with a Foreclosure Attorney!
Tags: Bankruptcy, deed-in-lieu, distressed homeowners, Foreclosure, foreclosure attorney, Foreclosure defense, garden city foreclosure attorney, hamp, In-House modification, kings foreclosure attorney, kings foreclosure lawyer, loan modification, mineola foreclosure attorney, mortgage default, nassau foreclosure attorney, nassau foreclosure lawyer, queens foreclosure attorney, queens foreclosure lawyer, short sale, suffolk foreclosure attorney, suffolk foreclosure lawyer, temporary modifications