Orlando Mortgage Modification Lawyer
Mortgage Modification Several events many times unexpected can cause individuals to fall behind on their mortgage payments. This can cause significant stress to partners and loved ones and unfortunately can sometimes lead to the loss of someones home. When you foresee yourself having problems making your mortgage payments in the future or are already delinquent it is important to contact an experienced attorney to assist you and your family in designing a plan to resolve your financial problems. The sooner your contact our Orlando mortgage modification lawyers the more we may be able to help you as often times many things can be avoiding through early planning and skillful tactics.
What is Mortgage Modification?
A Mortgage Modification also referred to as loan modification is the process of modifying your existing loan to make your payments more affordable. The purpose of a loan modification is to provide you with a mortgage payment you can afford. It’s similar to mortgage refinance but instead of looking for a new loan, a modification changes you’re the terms of your current loan to fit your budget. Mortgage modification is just one option that may be available to you. Loan modifications do not necessarily provide you with a better deal on your home but work to make your monthly payments more affordable so that you are able to keep your home and avoid foreclosure or bankruptcy. At Anderson & Ferrin Attorneys at Law, P.A. we can assist you with the loan modification process and help you achieve your goals of obtaining a successful loan modification.
Advantages of Mortgage Modification
Mortgage modification will help you especially in times of financial distress. Some benefits of mortgage modification include:
- Prevent foreclosure
- Reduce your interest rate
- Reduce your monthly payments.
- Request extension on past due payments
- Reduce your principle.
- Eliminate adjustable rates / negotiate for a fixed rate.
- Re-amortize loan to include past due payments
- Waive negatively accrued interest
Why Use A Loan Modification Attorney?
The loan modification process can be complex and daunting at times. Lenders request a significant amount of information and several documents in order to evaluate your loan modification options. Not only do lenders request several things but you are also dealing with very large companies which often times allege that they have not received your documents, that they were not received on time, or that your paperwork was filled out incorrectly. This can lead to the modification process lasting much longer than it should and sometimes causing you to lose out on the modification all together. Also, remember that many times individuals are also already behind on their mortgage payments when attempting a loan modification which means that every month that goes by without a loan modification is one more month that you are closer to a foreclosure being filed or losing your home all together. At Anderson & Ferrin Attorneys at Law, P.A. we will carefully analyze & review your case to ensure that the proper techniques are used to request your loan modification. We will diligently work on your file to make sure that all deadline are met and that your modification moves forward as smoothly as possible.to ensure that the proper techniques are used to request your loan modification.
Why choose us?
- We prepare necessary documentation for loan modification approval by your lender.
- We will negotiate the terms on your behalf leveraging current laws that protect you.
- Diligently work on your case to allow it to move quickly and hopefully obtain positive results.
- We may be able to help prevent foreclosure during the modification process.
How to get started
The first step is to contact us for a free case review. Call us Today! 407-412-7041