Divorce, loss of income and illness have caused a number of homeowners in Cherry Hill, NJ, Mount Laurel, NJ and other New jersey towns to fall behind with their mortgage. Filing a Chapter 13 bankruptcy to pay missed mortgage payments over time is not the only option to keep your home. Mortgage modification provides another vehicle. With a mortgage modification, you or your representative negotiate with your bank to reduce the mortgage interest rate and to extend mortgage credit terms. Hiring an attorney to negotiate a mortgage modification can save you money and allow you to keep your home.