Mortgage Loan Repayment Plans
Mortgage Relief Services
Loan Forbearance
Loan Repayment
Loan Modification
Short Sale
Deed-in-Lieu of Foreclosure
Cash-for-Keys
Foreclosure & Predatory Lending Defense
Bankruptcy
Mortgage Relief Attorneys
Learn about your options.
See what you can save.
Contact Us Today.
Mortgage Relief Attorneys
Learn about your options.
See what you can save.
Contact Us Today.
Why Should I Use a Mortgage Repayment Plan Attorney?
Why YOU Need a Mortgage Repayment Plan Attorney
Our Debt Lawyers can negotiate Mortgage Repayment Plans if you have fallen into a financial hardship that is short-term and due to your financial difficulty, you fell behind on some mortgage loan payments. Similar to a Loan Modification or Mortgage Restructuring, negotiating a Mortgage Repayment agreement may be your best option if your financial hardship has either subsided and left you behind on payments OR your misfortune is permanent but would be manageable with lower mortgage payments. We can negotiate a mortgage repayment plan which would enable you to pay back any delinquent fees and interest setting aside a certain amount of money monthly instead of coming up with to entire past due amount up front in one lump sum.
Trust Our Mortgage Repayment Plan Attorneys
The Repayment plans we have negotiated usually call for a little payment up front and the balance over a period of 12 to 36 months but each of our clients’ situations is different so results vary on a case by case basis. The further delinquent your mortgage is the more difficult to remedy it with a mortgage repayment plan, especially if approaching or already into the foreclosure process. This is probably not the best option for you if your mortgage is more than 2 to 6 months in arrears but other options like a loan modification may be better to look into.
Before falling further behind on your mortgage loan payments, you should get a free consultation to see if a Repayment Plan is in your best interest.
Benefits of a Mortgage Loan Repayment Plan
Let Us Help You!
Get Your Free Consultation
Save Your Credit
By working out a repayment plan with your lender you’ll get back up to date with your payments, you will avoid foreclosure, and you will prevent further damage to your credit. This will help if you are looking to refinance your loan in the future.
Save Your Home
Once your loan is no longer delinquent, you will no longer be at risk of foreclosure by your lender. Once up to date we can help with a loan modification and your rates, loan payments, or both can be lowered, making it easier to pay your mortgage.
Save Money
By taking care of your delinquent loan, the balance will no longer accumulate excess fees and penalties. If we then modify your loan to lower interest rates and monthly payments, or even a principal balance reduction, you’ll save thousands of dollars!
View Actual Mortgage Repayment Plans We’ve Negotiated
Are you looking for professional advice?
Let Us Help You!
If you or another company have been unsuccessful in negotiating a repayment plan or modification of your existing mortgage loan, one of our Mortgage Relief Attorneys may still be able to help.
We can evaluate your case and see if maybe there was a slight error on your part that caused your denial, and can then resubmit a request for you properly.
Alternatively, if your lender denied you even though your proposal was accurate, then perhaps instead we can help avoid foreclosure with either our Foreclosure Defense Litigation, Short Sale Negotiation, or Deed in Lieu of Foreclosure Negotiation Services.
One way or another, we can help!
How Dramer Law Handles Our Mortgage Loan Repayment Cases
Read More by Expanding the Below:
Free Consultation, Fact Finding, & Financial Analysis
When you call our firm, we will want to know how and when your financial hardship began as well as what the current status is, to get a better understanding of what you are experiencing. Our staff is trained to ask the right questions to make sure that no stone in your financial picture goes unturned. Any representative that will speak with you will have a minimum of 10 years experience
We analyze your current financial situation including your assets and liabilities as well as your current cash flow, allowing us to narrow down our services more specific to what you can afford. This step is critical in any of our processes as we ensure that whatever service we recommend will be within your budget and therefore you’re more likely to succeed.
Full Disclosure, Recommendation, & Customization
There are multiple options for each problem we encounter so based on your analysis; we will then tailor fit the best option to the individual needs of your budget. We will explain in great detail all aspects of each process including the risks & fees – not just how much money you can save. Nothing will be hidden from you as we are a full disclosure law firm.
Our Relief Specialists are NOT Paid a Commission so there will be no sales pressure at our law firm. There is no obligation to retain our services. You will be given all the facts you need, and then you will be given plenty of time to think things over. Debt relief is an important decision, and we won’t rush you! We have worked hard over the years to earn the reputation we have by giving honest advice to those in need rather than the advice that benefits our bottom line!
Limited Power of Attorney & Authorization to Communicate
Lenders are Sent Notice of our Representation
Once retained, we immediately send a copy of our Limited Power of Attorney to your mortgage lender, their debt-collectors or attorneys. Sending notice of representation is the first step in curbing any creditor or collector calls you may be receiving. We do not want you to be harassed – we’ll take over the calls for you.
The Fair Debt Collection Practices Act (FDCPA)
Once any third party servicer, debt collector, debt purchaser, collection attorney, foreclosure attorney, etc. receive our Limited Power of Attorney, they are obligated to contact us directly on your behalf. Failure to do so is a violation of the FDCPA, and we will sue them for you. There is no fee charged to you if we do not win your case, and if we do win, you can win up to $1,000 per violation, and the collector in violation will pay our attorney fees for you. It’s basically free money!
We Get the Job Done!
We are Incentivized to Perform
Our mortgage negotiation services are offered a fee structure as such that you pay part of the fee when retaining our firm and part of the fee only if we’re successful. The success fee helps ensure we are incentivized, so you’ll know we have your best interests in mind. We don’t benefit from getting you to hire our law firm, but instead, we benefit when we get the job done for you. You pay for our performance – and that’s what we do – we perform! We never agree to anything without first consulting with you and getting your approval. It is your debt and your money, so you have the final say in all of our negotiations
We Work Efficiently & Quickly
The combination of our experience, well-trained representatives, long hours, and state of the art software, allow us to accomplish more in any given day than most other firms only dream about. This can be said for ANY service we offer from negotiations to litigation to bankruptcy. We work quickly on your behalf as the longer you delay with a deed in lieu of foreclosure, the more fees your lender will charge. We will be in touch with you throughout the process to keep you informed and are available when you need us.
Why Choose Dramer Law for Your Mortgage Debt Relief Needs?
Debt is Our Specialty
Other companies and law firms offer debt relief – we specialize in it! We do not offer any services that aren’t strictly related with clients that are struggling financially so our clients have unique needs, compared to those of other law firms, that we can cater to. We offer all debt relief options and we service our clients like family. You should never settle for less when trying to settle for less!
Lower Fees
Since our clients don’t have tons of money to spare like attorneys that practice in other areas of law, we charge low fees making our services affordable for anyone that needs help. Unless your case involves one of our attorneys having to go to court, our negotiation service fees are flat fee based not charged hourly.
One on One Client Service
All of our client relationships are One on One. You’ll have one individual client service representative that will be your point of contact and you’ll build a relationship with them so they’ll know exactly what you are going through. Aside from treating you with the upmost care possible, this means you won’t have to deal with multiple people and re-explain your situation to a different person each time you call. This saves time for you and eliminates any extra stress for you as time is money and being stress free is just as important as being debt free!
Client Service Response Time
All of our attorneys, paralegals, and negotiators are dedicated to providing the best possible experience, while achieving results. We are available long hours but should we happen to be unavailable for any reason we pride ourselves on returning calls and emails right away, not several days later like most attorneys.
Our Reputation
Many companies do nothing for the high fees they charge. We have heard many horror stories. These companies aren’t proactive, they put no effort into negotiations, they don’t even return your calls let alone calls from collectors! These actions cause collectors to seek other measures to collect, often meaning lawsuits. We typically work repeatedly with the same companies and are known for resolving accounts so therefore have a great reputation with industry lenders and collectors. This benefits you when we contact these companies on your behalf, they know the accounts will get resolved and therefore we are usually able to avoid legal action!
Other Services
Many times, when we successfully establish repayment plans for our clients’ mortgage loans, they still need assistance afterward. We can help with numerous other mortgage relief services as well as services for other areas of your financial life. We offer many different services for those struggling with debts including Business Debt Relief, Consumer Debt Relief, Tax Relief, & Student Loan Relief. When Debt is the Problem – We Have the Answers!
Client Testimonials
Frequently Asked Mortgage Relief Questions
Q: What is a Loan Modification?
A Loan Modification is a procedure in which the terms of a loan, such as the interest rate, the monthly payment, or the duration of the loan, are changed to meet the current situation of the homeowner. All of this requires the approval of the lender. We will negotiate with your lender to try and change the terms of your loan, allow for you to have a lower monthly payment, keep your home, and save your credit.
Q: How is a Loan Modification different from refinancing?
A refinance involves taking out a new loan and using those funds to pay off the existing mortgage on your property. In today’s economy, it is difficult to get approved for a refinance, usually due to poor credit scores, lack of equity, debt to income ratios, and a host of other market factors. Current home values have been dropping to all-time lows which combined with stricter bank requirements, has made it difficult to refinance. A modification is a renegotiation of the mortgage loan that you already have. The interest rates, payments, and principal balance may change but the bank is not lending any new money nor are they paying off your existing loan with a new loan.
Q: Is a Loan Modification for me?
If you are one of the millions of Americans with an adjustable rate mortgage (ARM) that recently reset or is about to reset to a higher monthly payment, then Loan Modification is probably right for you. Many homeowners currently have adjustable rate mortgages or interest-only mortgages that have little or no equity in their homes. Therefore, it will be impossible for them to refinance. A short sale or forbearance is not a good option because they often come with negative tax and credit history consequences. In most cases, a loan modification does not affect your credit, nor does it come with negative tax consequences unless we can reduce your principal mortgage balance.
Q: Can anyone qualify for a Loan Modification?
Unfortunately, not everyone will qualify for a loan modification. People that have waited too long to act and take charge of their situation might not be eligible for a loan modification. There are, however, other options available for you, and our consultants will explore every possibility to keep you in your home and save your credit.
Q: Will I have to meet with my Bank/Lender?
No! We will take care of all the paperwork for you after you fill out your initial application. Once your application is complete, we will have all the necessary documents to negotiate and speak with your bank on your behalf.
Q: How long does the Loan Modification Procedure take?
It depends. Fortunately, most lenders will take only a few months to approve a loan modification once they have received the necessary information. Many lenders will postpone the sale of your property if they have received a complete package at least two to three weeks before the sale date. If a government guaranteed loan (e.g., FHA) is involved, forbearance plans will generally take two to three months. However, some government loans may take longer to work out.
Q: How much time do I have before they sell my home?
Every situation is different. The entire foreclosure process typically takes about three to six months depending on your location and other factors. The sooner we start the loan modification process, and the more time we have to work with your lender, the greater the likelihood of success.
Q: Can I do a Loan Modification by myself?
It is not a requirement that you hire an attorney to negotiate a loan modification or a pay rate reduction on your mortgage, however, many borrowers find that they get resistance from their mortgage lender and the process can be time-consuming and confusing. We have attorneys and real estate finance professionals on staff with decades of experience in dealing with mortgage lenders and financial transactions. Through our experience, we know what it takes to deal with different lenders and will do everything in our power to try to find a way for your Loan Modification to be successful. We have the means and the infrastructure to work with lenders to help you reach your goal.
Q: Why should I use an attorney?
There are several reasons why you should use an attorney. Our attorneys have extensive experience negotiating with banks and legal entities and they understand the nuances of state laws, federal law, and lending regulations. An attorney can also threaten the recession of a loan, which would force the lender to return all unjustifiable fees. They can also use the Truth in Lending Act (TILA) and Real Estate and Settlement Procedures Act (RESPA) to the borrower’s advantage. Our attorneys will use these laws to put the servicers and lenders on the defense and correct your loan.
Q: Why should I choose The Dramer Law Firm?
The Law Offices of Kenneth H Dramer, PC is an industry-leading law firm that is fully dedicated to your success. Our attorneys are experts in the laws that govern the credit industry and govern your creditors. We have teams of mortgage relief attorneys and specialists that have the necessary knowledge, understanding, and experience in dealing with every facet of the of the industry. We are not affiliated with any bank or other lending institution and are here to work exclusively for you.
Since The Law Offices of Kenneth H Dramer, PC is an actual law firm, unlike many others in this industry, we have a fiduciary and legal responsibility to do the prudent thing for our clients. We offer many different services that will educate you and help you reach your financial goals. If you find yourself in a financial struggle and are looking for help and a way out, put the power of The Law Offices of Kenneth H Dramer, PC on your side.
Q: How do I know if your company is legitimate?
The Law Offices of Kenneth H Dramer, PC is a law firm, and as such, we follow all ethical rules that govern the legal profession. It is illegal for us, as your attorneys, to withhold anything from you. If we do anything unethical, we could face disbarment from the State Bar. If you would like to confirm that we are a law firm in good standing or would like to look into any of the partners of the firm, please feel free to check with the New York State Bar Association by clicking here.
We have an A+ rating with the Better Business Bureau Profile which you can view by clicking here.
You can also use the internet and simply search for “Dramer Law Reviews” and read away!
We are constantly seeking new ways to improve as we move forward. We are very proud of our law firm and would never do anything to jeopardize the reputation that has taken us years to build.
Q: Do you keep my information confidential?
Yes, all of your information is kept 100% confidential. We only disclose information to those persons that you have authorized us to do so. Any bank, lender, or servicer that you wish for us to negotiate with will be contacted and advised that you have retained us to represent you. Any information given to us is held in strict confidence at all times and will only be shared with your creditors, with your permission, and when it is necessary to perform our services.
Q: How can someone apply for help?
There are two ways that you can apply for help with The Law Offices of Kenneth H Dramer, PC. You can either fill out the request form, and we will contact you shortly, or even better, call us toll-free at 888-314-1722 for a free consultation.
After speaking with a counselor, we will do an analysis of your financial situation and discuss all of your available options. We will help you determine which processes you qualify for and will help you make the best decision for your financial future. There is never any obligation, and everything we discuss is kept strictly confidential. After your free consultation, if you choose to move forward with The Law Offices of Kenneth H Dramer, PC, we will then send you a comprehensive package for your review.
Getting Started is Easy…
Call Now for Your Free Consultation
Call today for your free consultation with an experienced member of our team who will ask the right questions to determine the best course of action. They will go over each option that will make sense for your situation and will be sure to discuss in detail the pros and cons of each.
See How Much Money We Can Save You
Each option will have its own savings potential. Keep in mind the greater the downsides a choice may have the greater the potential for savings. Our debt relief representatives will be sure you understand the cost benefits and will be sure to disclose our fees fully.
Retain Our Law Firm and Let the Savings Begin
Once retained, we waste no time in taking action. We will work quickly and efficiently to bring a successful resolution to your situation. You will be assigned a specific member of our team that will be in constant contact with you throughout the process.
You have nothing to lose except for your debt!
Keep up to date — get updates with latest topics.
Business Hours
Get a Free Consultation
Contact Us Today
Click Below
*Individual results may vary based on consumer’s earnings, assets, and current mortgage loan situation. Our law firm does not assume or pay your mortgage, nor provide credit or tax advice about any forgiven amounts. Mortgage assistance does not obtain immediate repayment arrangements. Mortgage assistance is not available in all states.
*The Law Offices of Kenneth H. Dramer P.C. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
*Be wary of any company that tells you not to pay your mortgage loan as it may have a negative impact on your credit report and other consequences. For example, your mortgage loan may continue to accrue late fees and penalties; you also may receive calls from your lender and/or their collectors, you could even be sued for non-payment. If your lender obtains a judgment against you, then you may lose your home. Make sure you choose a company that explains the benefits and consequences of each mortgage relief option.
*The information provided on this site is for general information and educational purposes only. The information presented should not be considered legal advice, and should not be misconstrued as such, and should most definitely not be acted upon without first consulting with an attorney. The information is subject to change without notice. Consult a debt relief lawyer licensed in your jurisdiction for specific advice.
*We provide Debt Relief services and are a debt relief agency, as defined by the U.S. Congress. We proudly assist people filing for bankruptcy relief under the Bankruptcy Code as well as various other services to help avoid bankruptcy.