Mortgage Modification & Removal of Second Mortgage

Mortgage Modification Help is Available

Facing foreclosure can be overwhelming, but with the experienced attorneys at Ziulkowski & Associates, PLC, you may be able to get a mortgage modification and save your home. Mortgage modification is one way to avoid foreclosure. It will usually involve a lower interest rate, extension of the term, adding missed payments to the end of the loan, reduction in principle, or a combination of these. Mortgage modification can:

  • Lower your interest rates
  • Lower your monthly payment
  • Get a principal reduction
  • Avoid foreclosure
Schedule Your Free Case Evaluation

Contact us at 586-600-7623 to discuss your case and the options available.

Why Choose Us?

  • Directly Accessible to Clients
  • Reasonable Approach to All Cases
  • 22 Years of Experience
  • Thousands of Cases Handled

Will a Bank Grant Me a Mortgage Modification?

A bank must believe that this will be in their best interest, as it does leave them to lose thousands of dollars. In general, they need to know that the homeowner will be able to make payments after a home loan modification, when the terms are re-negotiated. With the current state of the housing market, the lender could face a loss closer to the millions if they are unable to work out a mortgage modification.

When a borrower is no longer able to make their payments the loan becomes what is called a nonperforming asset, as the loan is no longer bringing money to the bank. Turning the nonperforming asset into a performing asset is a matter of income; if a mortgage modification is possible a bank will want to be certain that following the mortgage modification the loan will remain a performing asset.

If the bank grants a mortgage modification, and the borrower is still unable to make the payments the bank loses out even more. This is why it is important to report all of your income on

the income/expenses worksheet, because if the bank does not believe you can make the payment they will not grant you a mortgage modification. It is also important to show that the homeowner is willing to give up luxury items (extra cars, boats, etc.) in order to keep their home.


Talk to an experienced Michigan Mortgage Modification Attorney Today, reach out today.


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