Who is Eligible for Mortgage Modification?
Difficult financial times may make it hard to make timely payments on important bills like your home mortgage payment. If you are facing a dire financial situation or if your loan has changed due to interest rate hikes and other actions, you may qualify for mortgage modification.
Persons who have taken out a loan for a mortgage and are struggling may qualify for mortgage modification if they are:
- Struggling to make monthly payments
- Unable to make payments due to a rate change or adjustment to their escrow account
- Unable to make payments due to a life-changing hardship or financial disaster
If you are having trouble making mortgage payments on your home and are facing foreclosure, contact the Maryland mortgage modification attorneys of Chaifetz and Coyle, P.C at 443-546-4608.
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