Is a Loan Modification Your Best Option? How an Attorney Can Help You Manage Your Mortgage
• Selling the home to pay off the lender • Declaring bankruptcy
your loan either by reducing minimum payments or decreasing your interest rate. These loan changes could help you keep your home and allow your lender to avoid the costs associated with foreclosing. However, a lender is not required to modify mortgage loans if they don’t want to. They may offer some adjustments, but perhaps some terms and conditions are not in your best interest. The best way to navigate these obstacles is with the guidance of an experienced attorney. How can a lawyer help? With an attorney, your lender may feel more obligated to review your requests, especially if your lawyer details all the costs that could affect your lender. Your lawyer can also help you determine alternative options that may be more suitable for your scenario, such as:
Most people can’t purchase a home at the full listing price, and mortgages have allowed hopeful homebuyers to become owners through monthly payments. While mortgages can be a constructive solution for countless buyers, there is plenty on the line if you cannot make these payments back to your lender. In the unfortunate event that you can’t make your payments, the lender has the right to foreclose, take the property back, and evict you from your home. However, no lender will want to do this to you, as they will end up losing money if they have to foreclose the property. Instead, if you’re struggling to pay your mortgage, you can ask for mortgage loan modifications. What are mortgage loan modifications? If a lender agrees to mortgage loan modifications, then they are willing to adjust
• Defaulting on the mortgage • Refinancing the mortgage • Taking out an additional loan
Yet, if a mortgage loan modification is your best choice, your attorney can negotiate with your lender to bring you the best adjustments possible. Just as your lender doesn’t have to offer loan modifications, you don’t have to accept their first proposal. With legal guidance, you’ll know for certain if a loan modification is right for you. If you need assistance reviewing your mortgage, contact our team at 718-698-2200. We’ll help you find the best financing options that allow you to keep your home and your money.
SUDOKU
MICHELE’S RECIPE CORNER
SKILLET CHICKEN POT PIE Inspired by TheModernProper.com
• 1/2 cup butter • 1 cup chopped onion • 1 cup sliced celery • 2 cups sliced carrots • 1/2 cup flour • 1 tsp salt • 1/2 tsp pepper • 1/2 tsp celery seed INGREDIENTS
• 1 tsp garlic powder • 1 cup milk • 2 cups chicken stock • 2 cups peas • 4 cups cooked chicken • 1 package frozen puff pastry, thawed • 1 egg
DIRECTIONS
1. Heat oven to 425 F. 2. In 12-inch cast-iron skillet over medium heat, melt butter, then add onion, celery, and carrots. Sauté for 5 minutes. 3. Add flour, salt, pepper, celery seed, and garlic powder to pan and stir. Sauté for 2 minutes. Slowly incorporate milk. 4. Add stock and bring to a simmer, whisking until mixture thickens. Add peas and chicken. 5. Roll out pastry sheet into 16-inch square on floured surface. Cut into 3-inch squares and place overlapping onto chicken mixture. 6. In a small bowl, whisk egg with 1 tbsp water. Brush egg over pastry and place in oven for 25 minutes or until golden and bubbling.
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