It feels like we are in 2007 all over again. Interest rates have soared while home prices have risen dramatically as well. That being said, we don’t have the kind of predatory lending that led up to the collapse of 2008. Still, numerous reports confirm a rise in the number of applications for loan modifications. This gives strong evidence thata dip in the housing market may be looming.
Let’s be optimistic. Now that we have had a trial run in 2008, we are better prepared to navigate what may come next.
At the Law Office of James Misiano in Brentwood NY, we handle a wide array of legal matters including foreclosure defense. Our loan modification expertscan negotiate more favorable mortgage terms for those facing foreclosure proceedings.
We at Misiano Law are committed to helping the community. Most in the office speak Spanish and are ready for your call!