What is a Mortgage Modification?

What is a Mortgage Modification?

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Have you been served with a Summons and Foreclosure Complaint? You have several options depending on whether you want to keep your home or walk away.  Regardless of the option you decide, it is critical that you respond to the Foreclosure Complaint within 20 days from the date you were served otherwise the bank can move for a default judgment against you and later sell your property at auction. It is critical to speak with an experienced foreclosure defense attorney, to discuss all of your options. An important part of foreclosure defense is discussing the foreclosure alternatives available with an experienced foreclosure defense attorney. There are several government and lender specific programs available to struggling homeowners. The following are the most widely utilized loss mitigation options: Mortgage Modification, Short Sale,…
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