Financial hardships are not uncommon in these difficult times, but they should not put you at risk of losing your home. You are deserving of an attorney experienced in loan modifications.
Daniel M. Keil is determined to help clients secure more manageable mortgage payments so that they may avoid foreclosure and restructure their debt. The key is successful negotiations with banks and other creditors that may consider a temporary or permanent change to your mortgage terms, and he has extensive experience tackling that often-challenging effort that must be handled with the utmost detail.
Mr. Keil may be able to help you restructure your loan by:
- Guiding you through the U.S government’s Home Affordable Modification Program (HAMP) that was introduced by the Obama administration to help prevent avoidable foreclosures. It can lower your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in a 40 percent drop in a monthly mortgage payment. Eighteen percent of HAMP homeowners reduce their payments by $1,000 or more. See this link for more information.
- Working through your current lender’s loan modification programs
Whether you are facing financial hardship due to unemployment, a reduction in work hours, medical bills, divorce, adjustable rate increases, real estate tax increases, insurance premium increases, or a death in the family, Mr. Keil can explore the best possible solution for you.