I am experienced in all aspects of mortgage modifications. I aggressively represent many clients who need mortgage modifications. I have been able to successfully procure various types of mortgage modifications for our clients including, but not limited to:
• Reducing or modifying the interest rate
• Extending the term of the loan
• Reducing the principal balance and monthly payment
• Changing the monthly payments
• Combining any of the above
I personally conduct a comprehensive consultation with you and assist our clients to demonstrate to lenders that their case is worthy of modification. I will work with clients on gathering financial documentation from the client so that the most compelling case for modification is presented to the lender. I also negotiate with lenders and strive 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.
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. I have also facilitated short sale transactions for clients looking to sell their property. An important part of my approach to mortgage modifications is our ability to vigorously defend a foreclosure action on behalf of my 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 me today so that we can determine the best option for you!