Loan Modification Help: LIBankruptcyLawyer.com Now Featuring Free Mortgage Lawyer Consultations

Feb. 14, 2012 - PRLog -- The mortgage lawyers at The Law Offices of Adam C. Gomerman, a Long Island firm available online at http://www.LIBankruptcyLawyer.com, are currently promoting their free consultations for homeowners seeking loan modification help. Featuring a team of loan modification attorneys, LIBankruptcyLawyer.com has been in business for over 20 years and has helped thousands of Long Islanders avoid foreclosure.

"For homeowners facing foreclosure, working with our team of loan modification lawyers can be a great way to lower monthly payments and interest charges by restructuring an existing mortgage. The process is particularly recommended for homeowners who got behind on their payments due to a personal hardship or other life change, including unemployment, injury, and illness," said Adam Gomerman, whose firm also specializes in Chapter 7 and Chapter 13 law.

Although homeowners can pursue a loan modification on their own, working with a professional mortgage lawyer offers a number of advantages, Gomerman notes. Experienced loan modification attorneys are often able to halt any current foreclosure proceedings; assemble the necessary paperwork for dealing with the lender; and employ effective, time-tested negotiation techniques to achieve rapid results. While individual homeowners are sometimes passed off by lenders from one department to another, veteran loan modification lawyers know how to expedite the application process and bypass the customer service loop.

For many homeowners, loan modification help is a necessary component to avoiding foreclosure and saving their homes. Loan modification attorneys are able to negotiate with lenders after the foreclosure process has begun and even pause the process; in fact, Gomerman says, professional representation can often make the difference between successfully securing a modification and running out of time before a foreclosure has been settled.

"Even when homeowners think it's 'too late' for loan modification help, in many cases there is still time to prevent foreclosure and negotiate lower payments to pave the way for financial recovery. We encourage anyone facing foreclosure to explore their relief options by calling our team of mortgage lawyers for a free consultation," Gomerman said.

Beyond preventing foreclosure, loan modification help can reduce monthly payments and interest rates to create a manageable repayment plan without refinancing, Gomerman notes. Additionally, working with loan modification attorneys can enable homeowners to reduce their overall loan balances, receive payment extensions, and waive accrued interest. In certain cases, a mortgage lawyer may also be able to negotiate a loan re-amortization, which can lump past-due monthly payments into the overall balance.

To learn more about The Law Offices of Adam C. Gomerman, visit http://www.LIBankruptcyLawyer.com or call for a free consultation with a foreclosure lawyer at (631)BANKRUPT.

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For even greater flexibility, New Yorkers who file under the New York State Chapter 7 law are now able to opt out and instead select Federal Chapter 7 exemptions. In some cases, this can be a more financially savvy move; residents unsure whether or not to opt out can contact the Law Offices of Adam C. Gomerman for a free consultation with a NY bankruptcy lawyer.