Loan Modification

Mortgage Modification Services

If your current financial situation has increased the likelihood of you having to file for bankruptcy, Jonathan Goldsmith Cohen is here to bring you relief through a home loan modification. As long as you have a decent household income and are willing to see the process through, we are confident we can put you back in the driver’s seat of your finances and help you to keep your home. Even if you’ve already filed for bankruptcy, we can still modify your mortgage and make getting back on your feet easier.

Factors of Mortgage Modification

No matter the current status of your home loan, we’re highly confident there’s a loan modification option that’s perfect for you. In fact, roughly 95 percent of mortgages can be successfully altered. Some of the factors that determine the potential terms of your modified loan and whether it can be changed include:

  • Your loan’s investor
  • The recorded loan documents
  • Whether your mortgage is owned by Freddie Mac or Fannie Mae
  • The most up‐to‐date modification requirements
  • Current home loan modification trends for local and national clients
  • Whether a proprietary modification option is available from the bank

As you can see, the loan modification process is one that requires a great deal of patience and understanding. We’re here to help you every step of the way and answer any questions you may have.

Bankruptcy Court Loss Mitigation Program

In the state of New Jersey, you also have the option of modifying your in conjunction with filing for Chapter 13 Bankruptcy and taking advantage of the Loss Mitigation program. While you’d likely rather avoid filing for bankruptcy entirely, filing a Chapter 13 Bankruptcy can help you get the relief for which you’ve been hoping. Know that in order to qualify for the mitigation program you’ll have to be able to make good faith payments to your current mortgage provider through the Chapter 13 Bankruptcy Trustee.

Give Us a Call Today

Learn more about your options for modifying your home loan by calling Mark Cohen Law at 732‐741‐ 9500. We also offer a contact page here on our site.