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Loan Modifications and the Government

January 24, 2013

The president recently gave his inaugural speech after being voted in for his second term. While the speech gave a general overview of the direction that the country is headed, there was not much mention of the state of mortgages for homeowners. Some believe this may have been due to the belief that the market was improving and would not be as harsh as it had been in recent years.

The government has stepped in recently in matters of underwater mortgage or those that were just struggling to make the payments each month. Many people were hit by the poor economy and the problems in the real estate world did not offer any relief. Lenders were given greater incentive by the government to encourage them in to working out deals with homeowners that were struggling to meet their mortgages. This has allowed some the opportunity to restructure the terms and has given them a better chance at meeting the financial demands. Call a Long Island bankruptcy lawyer at the office to learn more.

Why Choose Jacoby & Jacoby?

Experienced and Qualified Representation

When you work with a New York bankruptcy lawyer at Jacoby & Jacoby, you have the benefit of our years of experience and our extensive resources, all at your disposal as you face these trying times. The stress and emotions associated with mounting debt may leave you feeling hopeless and lost. Thankfully, with the help of a lawyer at our firm, you can begin to take control of your finances and experience much needed relief.

By discussing your situation with an attorney at our firm, you can decide whether bankruptcy is right for you. You can learn what your options are. When you work with an experienced attorney at Jacoby & Jacoby, you will have the support and legal counsel of a professional who will know what to do to help. Finally, you can experience relief from creditors. You can stop worrying about losing your possessions or your home.

Contact our firm today, and learn more about the many ways that we can come to your aid. Call Jacoby & Jacoby at (888)452-2629.

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