Thursday, June 14, 2012
We have been very successful in lowering clients' mortgage payments using the Bankruptcy Court's loss mitigation program. We have modified many mortgage payments by reducing the mortgage payments by $300-$800 per month. Every case is different, but most people end up with a lower mortgage payment. Additionaly, the mortgage companies are putting the missed mortgage payments at the end of the loans, so that the borrower does not need to repay the missed payments right away. This modification procedure has helped many people stay in their homes with an affordable monthly payment.