Loan Modifications & Short Sales in the Bronx

Falling behind on mortgage payments is stressful, but you’re not out of options. At Adon & Associates, we help homeowners in the Bronx find real solutions. Loan modifications and short sales are two proven ways to avoid foreclosure and get your finances back on track.

Understanding Loan Modifications

Loan modifications can make your mortgage payments more manageable. We work directly with your lender to adjust interest rates, extend your loan term, or change other terms to fit your needs. Our team has helped homeowners all over the Bronx negotiate better terms and keep their homes.

Common Types of Loan Modifications

• Interest rate reduction
• Extended loan terms
• Principal forbearance
• Payment deferral options

Every homeowner’s situation is different. We’ll help you figure out which modification works best for you, whether you’re in Fordham, Pelham Bay, or anywhere else in the Bronx.

When to Consider a Short Sale

Sometimes, a loan modification just isn’t enough. If you need to move on, a short sale lets you sell your home for less than what you owe—with your lender’s approval. This can help you avoid foreclosure and the long-term hit to your credit. Knowing the real estate closing procedures is key to making a short sale work smoothly.

Steps in the Short Sale Process

• Property value assessment
• Lender negotiations
• Marketing the property
• Offer review and acceptance
• Closing coordination

Short sales can get complicated, but we’re with you every step of the way. We handle the paperwork and negotiations so you can focus on your next move.

Qualifying for a Loan Modification

Lenders want to see proof of financial hardship before they approve a modification. That could mean job loss, medical bills, or other big life changes. We help you gather and present the right information to make your case stronger. Sometimes, looking into debt settlement options can also help.

Benefits of Professional Legal Help

Negotiating with banks on your own can be overwhelming. We know how to talk to lenders and what paperwork they need. Our legal team at Adon & Associates has helped many families in the Bronx stay in their homes with successful loan modifications.

Protecting Your Rights During the Process

Banks don’t always tell you about every option. We make sure you understand all your choices and protect your interests from start to finish. That means reviewing every document before you sign and making sure your lender follows the rules.

Get Started with Loan Modification Services in the Bronx

The experienced real estate attorneys of Adon & Associates help protect your property interests through every step of closing. Contact us today at 718-275-1243 to discuss your residential or commercial real estate closing. Schedule your free consultation to learn how we can make your property transaction smooth and stress-free.