Bankruptcy/Loan Modification Lawyer

Carl G. Zoecklein, Esq., in Clifton, New Jersey, understands there are many causes of financial difficulties. We also know that money problems can be emotionally wrenching and seriously damage family and/or business relations. Whether you recently lost your job, have excessive credit cards or large medical expenses, or are suffering marital problems and other huge, unexpected life changes, you can overcome those today by filing for bankruptcy.

The idea of bankruptcy might initially seem disturbing, but bankruptcy laws exist to help people who are unable to pay their bills. Mortgage do-over loan modification changes the original contract. Unlike the lose/lose scenario described above, you will have a chance to keep your home with payment terms you can afford. However, negotiating with your lender alone could be the difference between keeping your home and losing it. Using a qualified loan modification attorney can ensure that your hardship is documented correctly.

Your new loan may accommodate your present circumstances better by implementing any of the following:

  • Lower monthly payments
  • Lower interest rates
  • Forgiveness of past-due payments or fees
  • Longer loan term
  • Adjustment of mortgage principal to home value loan modification

Tips: Do not ignore mail or phone calls from your lender. If your lender does not hear from you, they will be required to initiate foreclosure proceedings. Contact your lender as soon as possible. If you are having trouble making your payments, contact your lender to discuss your options as early as you can. The longer you wait to call, the fewer options you will have.

If you are facing a financial crisis and are close to losing your home, or if your assets are in jeopardy, know that you are not alone. Our lawyers will handle your bankruptcies and loan modifications.

Carl G. Zoecklein, Esq., is a debt relief agent. We help people file for bankruptcy protection under the U.S. Bankruptcy Code.