How to Legally Stop Paying Your Mortgage - Daniel Straffi, Jr.

From Straffi & Straffi Attorneys at Law – How to Legally Stop Paying Your Mortgage explores the legal avenues available to New Jersey homeowners facing financial hardship. This episode delves into the complexities of mortgage relief, highlighting how options like Chapter 7 and Chapter 13 bankruptcy, loan modifications, and debt restructuring can provide a structured path forward without resorting to foreclosure.

Listeners will gain insight into the distinctions between mortgage forbearance and default, and learn how to assess their financial standing to determine eligibility for legal relief. The discussion emphasizes the importance of reviewing mortgage documents, consulting with a licensed bankruptcy attorney, and gathering necessary documentation to support claims of financial distress.

The episode also covers how filing for bankruptcy can impact mortgage obligations, including the role of the automatic stay in halting foreclosure proceedings. It examines the potential of loan modifications to temporarily suspend payments and discusses scenarios where a deed in lieu of foreclosure might be appropriate.

With over four decades of combined experience, the father-son legal team at Straffi & Straffi Attorneys at Law offers compassionate and diligent service to clients in Toms River, New Jersey, and surrounding areas. This episode serves as a valuable resource for individuals seeking to understand their rights and options when facing mortgage-related financial challenges.

Straffi & Straffi Attorneys at Law

670 Commons Way, Toms River, NJ 08755, United States

(732) 341-3800

https://www.google.com/maps?cid=18340758732161592314