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What is a foreclosure? What is a mortgage modification? What is Forebearance?

Blutter&Blutter, Nassau, Suffolk, and Queens County Bankruptcy lawyers and Nassau, Suffolk and Queens County Foreclosure lawyers, often are asked the above questions. Basic answers follow:

Foreclosure is the act of the bank taking back into ownership the house that has not been paid for. Foreclosure lawyers defend against this action. Blutter&Blutter defends against this action.

Mortgage Modification is the reduction of the principal or interest to be paid to the bank by the borrower. Blutter&Blutter helps debtors achieve this reduction in principal or interest.

Forebearance is the action by a bank for a period of time not to foreclose and take the house. Blutter&Blutter helps debtors achieve this permission from the bank.

Contact Blutter&Blutter, Nassau, Suffolk, Queens and Brooklyn Foreclosure defense lawyers and bankruptcy lawyers. Our phone numbers are 516-336-8060; 718-529-7777 or 1-800-864-9943.

Categories: Bankruptcy, Foreclosure
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Long Island Bankruptcy

Suffolk County Office:

Hauppauge Office:
150 Motor Parkway
Suite 401
Hauppauge, NY 11788

Queens & Brooklyn Office:

Queens Office:
61-43 186th Street
Queens, NY 11366

Nassau County Offices:

Plainview-Woodbury Office:
497 South Oyster Bay Road
Plainview, NY 11803
Garden City Office:
1225 Franklin Avenue
Garden City, NY 11530