How Many Mortgages Are Being Rewritten?

26 Sep How Many Mortgages Are Being Rewritten?

Over the past year I asked several creditor attorneys to provide me with their loss mitigation procedures in an effort to rewrite mortgage loans. Not one said they could do that. There is a lot of news these days that mortgage lenders are helping homeowners stave off foreclosure or bankruptcy by rewriting adjustable rate mortgages into lower interest fixed rate loans. I am not seeing evidence of that phenomenon.

I have been keeping a list of all the mortgages that my clients have reworked this year. Here is what I have so far.

1. _____________________________________________________________________

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Andy Miofsky, Esq.

Andy Miofsky holds the highest AV PREEMINENT rating from Martindale Hubbell Law Directory and a perfect 10.0 from AVVO. Andy is an Illinois consumer rights lawyer with offices in Granite City Illinois. Andy represents people with bankruptcy and student loan debt problems throughout the Southern District of Illinois since 1979.
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