With the federal mortgage moratorium under the CARES Act expired this summer, many Hartford, CT homeowners presently in federally-mandated mortgage forbearance programs will no longer enjoy the protections of the federally mandated mortgage forbearance program. This leaves thousands of homeowners in the Hartford, CT area wondering what’s next for them and their homes. What can they do to get solid resolutions to foreclosure and how do they do it? The goal is to turn expiring mortgage forbearances into solid, mortgage modifications with excellent long-term interest rates. While the government continues to let banks and servicers control the process and the outcome, there are options to assure that borrowers can transform mortgage forbearance plans into long-term excellent modified mortgages. Every circumstance may be different, but the keys to success are always the same. You need to get educated quickly to learn your legal rights and how to enforce them.
Effective August 31, 2021 through January 1, 2022, the Consumer Financial Protection Bureau provides special protections and options for borrowers’ existing COVID-19 forbearances. These include:
- Streamlined modification options for COVID-19 related mortgages with exiting COVID forbearance protections.
- Pressures on banks and servicers to be prompt and accurate with borrowers about loss mitigation opportunities.
- Pressure on banks and servicers to be more forgiving on incomplete applications.
- A clearer definition of “COVID-19” hardship
While these are lofty goals, all troubled homeowners in Hartford, CT know the pains and difficulties in getting banks and servicers to address and solve their mortgage problems. Don’t go it alone. Forcing banks or servicers (who often change hands) to do what’s right is extremely difficult for the average borrower without the help of experienced and special legal professionals. At the Law Offices of Neil Crane, we’ve been representing Hartford, CT homeowners in trouble through state sponsored mediation programs to obtain mortgage modifications with these same servicers and banks. We understand all the laws, regulations, rules and unwritten tactics that make us the leading home saving law firm in Connecticut. The most important step is to get educated. The hardest step is to make that scary first call to seek help. We make it easy, as Attorney Neil Crane takes all calls directly with patience and experience.
You’ll immediately know he’s the expert and right person for you and your family all within the first five minutes of your first free call. He’ll also provide you with a prompt initial free consultation to give you understanding of the mortgage modification process, knowledge about the mediation program and renewed hope.
To discuss your situation and learn more about the options available to you, call the Law Offices of Neil Crane at (860) 795-1000 and speak directly with one of our dedicated, experienced mortgage modification attorneys. Or feel free to fill out our quick online Contact Form for a swift and knowledgeable response from one of our dedicated team attorneys.