Loan Modifications

Mortgage Loan Modification

Our attorneys are experienced in all aspects of mortgage loan modifications. We aggressively represent many clients who need mortgage modifications. We have been able to successfully procure various types of mortgage modifications for our clients including, but not limited to:

• Lowering the monthly payments
• Reducing or modifying the interest rate
• Extending the term of the loan
• Reducing the principal balance
• Deferring delinquent money payments onto the end of loan

Our Firm conducts a comprehensive consultation with you and assist our clients to demonstrate to lenders that their case is worthy of modification. Also, our attorneys and skilled staff will work with clients on gathering financial documentation from the client so that the most compelling case for modification is presented to the lender. Our Firm also negotiates with lenders and strives to obtain the best possible modification for our clients. The process can take between 40-120 days to complete.

Beware of any non-attorney who claims they can assist you in modifying your mortgage. The Foreclosure Rescue Act, Section 501.1377, Florida Statutes, went into effect October 1, 2008 and imposed restrictions on non-lawyer loan modifiers offering to protect distressed homeowners. Only a lawyer licensed in Florida can modify your loan. Non-lawyers are prohibited from doing so. There have been many recent stories in the press of large national loan modifications companies being investigated by the Attorney General from many states across the Country. These companies collect high fees and have a reputation for failing to deliver any real results for their clients.

In addition to mortgage modifications, our attorneys have negotiated repayment plans which spread out the past-due amounts over a specified period of time, and forbearance arrangements where lenders agree to reduce monthly payments for a short period of time during a temporary financial hardship. We have also facilitated short sale transactions for clients looking to sell their property. An important part of our approach to mortgage modifications is our ability to vigorously defend a foreclosure action on behalf of our clients while simultaneously seeking a loan modification or short sale approval. This component is extremely important as merely pursing a short sale or loan modification without defending a foreclosure that has been filed could leave a borrower in a compromising predicament.

Contact us today so that we can determine the best option for you.

In addition, our Firm offers foreclosure defense services as well as bankruptcy relief in order to offer every client a complete solution for their mortgage and debt problems.