Many Ohio homeowners know firsthand that foreclosure can be a stressful experience. New research indicates that foreclosure can be an unhealthy experience as well. Studies show that the number of stress-related illnesses is higher in states with larger foreclosure rates. Ohio residents facing foreclosure may be able to reduce their stress and improve their health by contacting a knowledgeable bankruptcy attorney who is experienced in dealing with mortgage modifications.

There are many families who could afford their mortgage if their monthly mortgage payments were reduced. A mortgage modification can help Ohio homeowners achieve this end by adjusting the terms of a mortgage loan without creating a new loan. Adjusted mortgage loan terms can include an interest reduction and additional time for a homeowner to repay the loan. A mortgage modification can also lower future payments and cure a payment arrearage, thereby bringing homeowners up to-date on their mortgages. Homeowners who contact mortgage modification attorneys also have better chances of avoiding the foreclosure process.

Failure to contact an experienced bankruptcy attorney early in the foreclosure process may have serious consequences such as eviction and a foreclosure short sale. One homeowner undergoing foreclosure said that the stress she endures is awful, which is unfortunate because it may have been avoidable.

"Worry makes things that much more serious than they are," the homeowner said. "Stress is like a disease in itself. You never know if tomorrow the sheriff is going to knock on the door. That's a pressure that is with you day and night."

Source: Sun-Sentinel, "Stress of foreclosure can make homeowners ill," Bob LaMendola, Dec. 30, 2011