New York Mortgage Modification Lawyer

Your home is one of the biggest investments you’ll ever make. But if you’re suffering from financial distress, your monthly mortgage payments can feel like a chain hanging around your neck.

Act Quickly to Have the Best Chance of Saving Your Home

If you’re having trouble making your monthly mortgage payments, you may feel frustrated, angry, scared, ashamed, overwhelmed, or some combination of all of those emotions.

Know that you're not alone. In New York, an average of 1 in 10 homes is at risk of foreclosure.

To avoid foreclosure, it’s important that you seek help from a qualified New York loan modification attorney as quickly as possible. The longer you wait to try to modify your mortgage, the fewer options you’ll have. In some cases, the bank can begin foreclosure proceedings against you in as few as 90 days after a missed payment.

Start by contacting a skilled and experienced mortgage modification attorney. The Law Offices of Thomas J. Minotti, P.C. works with people throughout New York to modify mortgage obligations and try to avoid foreclosure.

New York Loan Modifications

Working with an experienced New York loan modification attorney will give you the best chance of changing the terms of your loan so that you can afford your future mortgage payments.

In a loan modification, the bank agrees to adjust the terms of your loan to make the monthly payments more manageable. This may be accomplished by lengthening the term of the loan, lowering the interest rate, adding the past due amount into the loan and recalculating a new repayment schedule, or adding the past due amount to the end of the loan in the form of a balloon payment. A loan modification may result in:

  • A temporary or permanently reduced interest rate
  • A longer loan term
  • Deferring past due amounts
  • Deferring principal, causing a balloon payment at the maturity of the loan or some other date
  • Conditionally or unconditionally forgiving some of the debt

Loan modification programs are complicated, and you will benefit from having a skilled and experienced loan modification attorney on your side.

The Law Offices of Thomas J. Minotti, P.C. – Doing What’s Best for YOU

The Law Offices of Thomas J. Minotti, P.C. does what's best for you. Unfortunately, there are unscrupulous companies out there looking to take advantage of people who are down on their luck, or are scared about what happens if they cannot make their mortgage payment. To help you avoid being taken advantage of:

  • Beware of anyone who says they can save your home in exchange for an upfront fee. Other than attorneys, New York law prohibits the collection of fees upfront.
  • Beware of anyone who says they can save your home if you sign over the deed to your house.
  • Never submit mortgage payments to anyone other than your mortgage company.

Contact New York Mortgage Modification Attorney Thomas J. Minotti Today

If you are considering a loan modification in New York, or have questions about how an attorney can help you reduce your monthly loan obligations, contact the Law Offices of Thomas J. Minotti, P.C. today for a free initial consultation. Military veterans are eligible for discounted rates.

Call 845-570-9300, email, or complete the online form.