Salem and Haverhill, MA, Loan Modification Attorney
Assisting Clients in Avoiding Foreclosure
It is no secret that the housing market is in crisis. Homes have lost value, leaving owners upside down on their loans. Layoffs, medical emergencies and other financially straining events have led too many Americans to fall behind on their mortgage payments. Selling at a loss is not often a viable option. With foreclosure imminent, there may seem to be no way to get ahead.
At the Law Offices of Kenneth E. Lindauer, we assist clients in avoiding foreclosure through mortgage refinancing. Kenneth E. Lindauer, a lawyer with more than three decades of experience, works with you and your mortgage company to negotiate a loan modification, potentially saving your home from foreclosure.
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Free initial consultation About Your Loan Modification Needs
Surviving the Mortgage Crisis
Much of today’s mortgage crisis can be attributed to the former popularity of adjustable rate mortgages (AMR). These loans, given to both buyers and those looking to refinance their home, began at a low interest rate which grew over the course of three to five years. An increase in rates left many homeowners with payments they could not afford.
The solution to saving your home? Obtain a loan modification.
A loan modification can do several things for a homeowner. In addition to avoiding a short sale or foreclosure, it may:
- Lower your principal balance
- Lower your interest rate
- Lengthen the term of your promissory note
- Allow you to catch up on late payments
The overall goal is to lower your monthly payment to an amount you can afford.
Contact an Experienced Massachusetts Attorney
The loan modification process is complicated. At the Law Offices of Kenneth E. Lindauer, we are familiar with multiple programs and options you may be able to use to obtain a loan modification. Through our experience and commitment to excellence, we will strive to help you achieve your outcome goals. Contact our offices to schedule a free initial consultation.
Attorney Kenneth Lindauer is a “debt relief agent” as defined by the United States Bankruptcy Code. Under the law a “debt relief agent” is a person who provides bankruptcy assistance to consumers.