Frequenlty Asked Questions

People rarely start out intending to miss a mortgage payment, but events happen and people are often unable to make all their monthly payments. If you have missed a mortgage payment, it is critical that you act quickly. Missing a payment can be the beginning of losing your home to foreclosure. If you miss a payment, seek immediate legal assistance in arranging a repayment plan with your mortgage company. You may qualify for a forbearance or mortgage modification that puts missed payments at the end of your loan. Get prompt experienced assistance. Read our Foreclosure Process article

Never skip a mortgage payment without saving the money. Many homes lost to foreclosure begin with an intentionally missed payment “to get the bank’s attention.” You do not have to be late on your mortgage to qualify for a Mortgage Modification program. Never miss a payment on purpose or rely on strategic default without seeking experienced guidance in advance. Read our Foreclosure Process article

Banks sometimes return payments to borrowers instead of cashing them. This very often happens if a loan payment is late. If this happens to your payments, you can still save your home. Many mortgage modifications are granted even after mortgage payments have been returned uncashed. Unfortunately, returned payments are often a sign that the bank is preparing to foreclose.

If a bank sends back your mortgage payment, seek immediate experienced advice.

If a bank returns a payment instead of cashing it, be certain not to spend the money! Saving uncashed, returned payments is often the key to successfully saving a home through governmental plans or private mortgage modification.

Personal liability for defaulted secured debt is a major reason why you need to have an experienced bankruptcy and foreclosure defense lawyer on your side. Deficiency judgments are the amount still due to the bank after the loss of your home. Smart legal counsel can make certain that your future is legally protected from deficiency judgments. This is especially true if you are, like most Connecticut homeowners, “underwater” on your mortgage. Our informed legal advocates know when to protect your future from the disastrous results of deficiency judgments. We provide you with sound strategies to have success in dealing with any foreclosure, mortgage modification, short sale and/or bankruptcy process.

There really is no advantage to paying on a second mortgage if you aren’t paying on the first mortgage. But you always need to be sure that you are saving the money you didn’t pay to the second mortgage or the first mortgage holder.

Read more about which mortgage to pay during Mortgage Modification.

Re-modification is a painful and difficult process for a number of reasons, and should be avoided at all costs. Seek professional assistance for legal alternatives available to avoid remodification. Fixing a mortgage modification through other alternatives is a much better choice than seeking to remodify, for a number of reasons:

1. Re-modification often involves a completely new modification application and an incredibly slow and laborious process even if you still have the same bank.

2. No bank likes to remodify a mortgage that they’ve already fixed once before.

3. Re-modification is an exceedingly slow process that creates large back balances and past due arrearages.

4. Mortgages change hands so often that re-modification often involves an entirely new bank or servicer.

Various state and federal laws protect defaulted mortgages and reinstate good modifications. We’ve fixed hundreds of broken Connecticut mortgage modifications.