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Today we are going to discuss the subject which is called "Are you struggling to make mortgage payments?". We will also tell you about loan modification, what happens if you don't pay mortgage payments and how Sternberg Law Group can help with these question.

If you are struggling to make your mortgage payments, you may feel like bankruptcy is your only option. This is because many attorneys promote bankruptcy as the inevitable, or sometimes only option. Our goal is to help you keep your home. We are well-versed in a variety of home retention options and will work with you to find the best solution.

A loan modification is a change the lender makes to the terms of your existing loan. This change could include a rate reduction, adjusting the interest rate, extending the term of the loan, reducing the principal. Our experienced attorneys can negotiate every step of the loan modification process with your lender.

If you find yourself facing a short-term financial hardship and need temporary assistance with making your monthly mortgage payments, your lender may allow you to pause or reduce your payments for a limited period of time. The qualifications for mortgage forbearance have changed during the past year due to the global coronavirus pandemic.

Understanding key considerations and rules are imperative to successfully navigating away from foreclosing on your home. We will help you understand all of your options before helping you pursue the route that makes the most sense for your particular circumstances.

Thank you for watching, we hope that information helps. If you have any questions, please contact Sternberg Law Group. We offer a one hour free consultation to anyone attempting to learn more about their options in these rough economic times. Each scenario is different, therefore starting the process earlier helps our clients obtain the most favorable results. Contact us today, we will help.

00:00 - 00:15 - Let's discuss topic "Are you struggling to make mortgage payments?"
00:16 - 00:36 - Do you fear going through personal bankruptcy?
00:37 - 00:55 - Loan modification
00:56 - 01:13 - What happens if you don't pay mortgage payments
01:14 - 01:29 - What can Sternberg Law Group do to help ?
01:30 - 01:57 - If you have any questions, please contact Sternberg Law Group

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