Toms River Mortgage Modifications Lawyer

New Jersey Loan Modifications Attorney

You worked hard to buy your home and now it is in danger of foreclosure. At the Law Office of David A. Semanchik, we help people consider their options to stop foreclosure and keep their homes. We offer compassionate and informative representation to our clients, helping them understand the debt relief solutions available to them.

You do not have to face this alone. Toms River mortgage modifications attorney David A. Semanchik has more than 20 years of legal experience, including extensive experience helping clients find debt relief. Please contact us via e-mail or call us at 888-691-1099 today to schedule a free initial consultation.

Prevent Foreclosure Through a Mortgage Loan Modification

Mortgage loan modification allows you to keep your home by restructuring your loan. Whether you are able to obtain a loan modification depends on your financial needs and your lender. If your lender is not willing to consider alternatives to foreclosure, you may not be able to modify your loan. Loan modification may involve:

  • Reducing the interest on your mortgage
  • Reducing the monthly loan payment and extending the terms of the loan
  • Reducing the amount owed on the loan
  • Putting arrears on the back of the mortgage loan

David Semanchik is an experienced negotiator who works with lenders to obtain home loan workouts for clients in Toms River and surrounding areas.

Short Sales as an Alternative to Foreclosure

When loan modification is not an option, many clients consider short sales. During a short sale, the lender agrees to let the borrower sell the home at an amount less than the amount owed on the mortgage. In some cases, the lender will reserve the right to collect on the balance through a deficiency judgment. However, short sales can be a cost-effective solution for both the lender and the borrower, reducing the borrower's debt and preventing an expensive foreclosure.

Protecting Your Rights During Foreclosure

Our law firm has also represented clients during home foreclosures and sheriff's sales. We will ensure that your rights are protected against powerful lender interests.