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Here are a few of our commercials that you may have seen on TV. We hope you enjoy watching them as much as we do making them.

Mortgage behind? Consider modification

You had medical problems that caused you to miss work and paychecks. Your kid got into trouble and needed your (financial) help. Your company said “no more overtime.” You got
divorced and are now fending for yourself with only one income.
These are some the many reasons why people fall behind in their mortgage payments. But most people don’t consider using their allies at the United States Bankruptcy Court.
Allies, you say? Bankruptcy is bankruptcy,  whatever that is supposed to mean. People are afraid of the word. They hear stories from everyone with an opinion, which means everyone, about this and that and that is why they shouldn't consider filing for bankruptcy under any circumstances. Next time, speak to people like our clients who thank us every day for the
solutions that the Bankruptcy Court provided.
Like helping them save their house, for one.

Those who don’t know anything about the Bankruptcy Code assume you will lose your house if you file for bankruptcy. They are simply wrong. The Bankruptcy Code. and bankruptcy practice, gives people the opportunity to save their house even their mortgage payments are behind. And there are several ways to do so.
One is to eliminate your unsecured debt, such as credit cards, to make it easier to pay your mortgage and for you to make arrangements with your mortgage company for accelerated
payments. A second way is to take the back payments and stretch them out over five years at 0% interest. That’s zero. Nada. None. Really.
A third way is to participate in the Court’s loss mitigation program. That means, a program to modify your mortgage. And there are several ways that the mortgage company might do this.
They might reduce the amount of your monthly payment. They may take the backdue payments and move them to the end of the loan, or eliminate them completely. They may reduce the principal amount owed on your loan. Or they may reduce the interest rate on the loan itself.
And what about the stories that you heard about the mortgage companies losing your papers, or not receiving them, or the employee with whom you spoke last time is no longer
there. These rarely happen in the Western Pennsylvania bankruptcy court’s system as there is a computer-based portal where the papers are uploaded so that everyone has a record of the
papers sent and needed.
Success rate? It is very good in the Bankruptcy Court here. The final result is still up to the discretion of the mortgage company, but things are going well in Western Pennsylvania.
So if you are distraught about your mortgage, give Steidl and Steinberg a call and let’s discuss. It’s free to do so, even free to meet with us, so what have you got to lose? Except for
your house, if you do nothing.

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