If You Fall Behind On Your Mortgage, Learn More About Loan Modifications.

At the Law Office of Donald H. London Esq., we have more than 20 years of experience helping individuals and families throughout Westchester County and the region protect their homes against foreclosure proceedings. Whether guiding clients through the Chapter 7 or Chapter 13 bankruptcy process or looking for other alternatives to alleviate debt, such as loan modifications, we provide options and creative strategies that fit the individual needs and circumstances of those we represent.

A Loan Modification Can Help You Stay In Your Home

When battling with significant financial problems due to credit issues, unforeseen medical expenses or other issues, it may be difficult or impossible to keep up with mortgage payments and other financial obligations. If you face foreclosure, it's important to take action and determine your options for keeping your home.

A loan modification can be an incredibly effective tool for renegotiating the terms of your mortgage. Although it may feel like your mortgage holder is acting ruthlessly, lenders would usually rather not foreclose on a home. The costs of auctioning a home — maintenance during the interim, property taxes and numerous other factors — can quickly pile up as the lender attempts to sell the property.

There are numerous options you can pursue when modifying your loan such as: decreasing the interest rate, pursuing an extension on the duration of the loan, or reducing the overall principal. Ultimately, we want to help you find a way to decrease your payments to a manageable amount that is amenable to your lender. When we work together, our bankruptcy lawyer, Donald London, can review your financial situation, outline options for catching up on your debts, and implement a strategy that helps you stay in your home.

If You Have Fallen Behind On Your Mortgage Payments, Contact Us.

As a firm experienced in handling bankruptcy and other financial matters, we can help you and your family understand what you're up against, the available options and guide you through the process.

To schedule a consultation, call our Yonkers, New York, law office at 914-965-7230 or complete our online contact form to receive a prompt response from our attorney and professional staff.

We are a debt relief agency. We help people file for bankruptcy under the U.S. bankruptcy code.