Mortgage Loan Modification Law Firm

3+ Decades Experience in Loan Modifications

Mortgage Loan Modification Law Firm

We are dedicated to helping homeowners achieve sustainable mortgage modifications. Our attorneys work closely with clients to evaluate their financial situation and determine the best course of action for their unique circumstances. Let us help you secure a more affordable mortgage and provide you with peace of mind knowing you are on a path towards financial stability.

Free Consultation About Us

Trusted Mortgage Loan Modification Attorneys

The Legal Process

The homeowner reaches out to the lender and provides financial documentation required to begin the modification process.

The homeowner submits a formal application, including a financial worksheet and budget, for the lender to review and determine whether the modification can be approved.

If the application is approved, the homeowner and lender will negotiate and agree upon the terms of the modification, which will be documented and signed by the homeowner.

The homeowner must successfully complete a trial period, during which they make modified payments on time to demonstrate their ability to meet the new financial terms, in order for the modification to become permanent.

Frequently Asked Questions

Mortgage modification is a process that changes the terms of your mortgage to make your monthly payments more affordable. It often involves negotiating with the lender to reduce the interest rate, extend the term of the loan, or forgive some of the principal balance.

Mortgage modification changes the terms of your existing mortgage, while refinancing involves taking out a new mortgage with different terms. Mortgage modification is often more feasible for homeowners who are struggling to make payments due to financial hardship, while refinancing is typically more appropriate for those who want to take advantage of lower interest rates or improved credit.

Yes, loss mitigation options may be available even if you are in the foreclosure process. Your attorney can work with your lender to explore options like loan modification, short sales, or deeds in lieu of foreclosure to help you avoid foreclosure.

The length of the mortgage modification process can vary depending on several factors, including the lender’s responsiveness and the complexity of your financial situation. It can take several weeks to several months to complete the process.

Mortgage modification may have some impact on your credit score, but it is generally less severe than a foreclosure. Late payments that occurred before the modification may still appear on your credit report, but the modification itself is not reported as a negative event.

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Barbaruolo Law Firm Testimonials

My wife and myself needed a Law firm we could trust. A lawyer that had experience, and knowledge. And one that would treat us like family, not just another client. We found all of those attributes. Who you ask, her name is Paula Barbaruolo. Paula and her team are by far the best. She answered all of our questions, addressed all of our concerns. When you step in the door of her office, you automatically feel comfortable. Her attention to detail, is second to none. When she tells you she's going to accomplish the reasons you came there for, she does just that. There's never any stress when you're there, or when you leave. I can't emphasize enough to each and every person that needs a top-notch Lawyer, don't hesitate, contact Paula. I promise you, it will be the best phone call you will ever make. On a scale from one to ten, I give Paula and her team a twelve.

[redacted] Client

I recently had the pleasure of working with Mrs. Barbaruolo. I found her to be honest, fair, competent, sharp and creative. She was also very human and caring. She solved my legal issues in a very timely manner and was very fair in her pricing. If you are needing a bankruptcy lawyer, look no further… Paula Barbaruolo is the right lawyer for the job!! I HIGHLY recommend her!!

[redacted] Client

I cannot thank you enough for everything you have done for me. I am your biggest fan! You are simply amazing and oh how I wish I started this whole process with you from the beginning. It would have saved me many tears and sleepless nights.

[redacted] Client

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[redacted] Client

I’ve got nothing more to say than professionalism for this firm. Every aspect of my case was fully explained to me in detail and there were never any surprises. Communication is excellent, especially when I would receive mail and have questions regarding the content. Paula and her team are outstanding!

[redacted] Client

Located in Albany, NY

Where to Find Us

Our offices are located centrally to the Capital Region of New York in Latham, minutes from the Albany Airport.