Programs Exist for Loan Modifications for Second Mortgages
Second mortgages can provide welcome debt relief for homeowners who have built up equity. Over time, financial problems may worsen, making that "help" more of a hindrance. Help is available for homeowners to modify loans. What about those holding second mortgages that have become a burden?
Loan modification lawyer Sari Kurland, founder of the Law Offices of Sari K. Kurland, LLC, is a seasoned bankruptcy attorney who helps her clients get a fresh start. In many cases, relief can come through loan modifications. As part of the Home Affordable Foreclosure Alternative (HAFA) program offered by the Obama administration, homeowners hold second mortgages and secure a loan modification and foreclosure prevention plan. Benefits to modifying a second mortgage include:
- Lowering interest rates
- Extending payments
- Reducing principal balances
The Need for a Rockville Mortgage Restructuring Attorney
Modifying a second mortgage on your own is possible, but it's complex, especially if the two loans are from different financial institutions. Lenders have an incentive both in maintaining their bottom line and earning rebates from the government for second mortgage modifications. You need an attorney who will facilitate that process.
Founder Sari Kurland can help navigate through the complexities of a second mortgage modification. She brings legal experience and negotiation skills, combined with thorough and up-to-date knowledge of not only the law, but programs available for those struggling to pay a second mortgage.
Personal Service ▪ Se Habla Español ▪ Reasonable Fees ▪ Free Consultation
Contact the Maryland Law Offices of Sari K. Kurland, LLC, by e-mail or toll free at 866-935-3435 to discuss the possibility of a workout plan for your second mortgage.
