Understanding Loan Modifications
In response to the economic devastation caused by the subprime mortgage crisis of 2008, the federal government created the Home Affordable Modification Program. The goal of this program is to provide homeowners who have distressed mortgages with assistance in obtaining a loan modification, which makes it easier for them to afford their monthly mortgage payments.
It’s run by the U.S. Department of the Treasury, and in essence, it works by offering incentives to mortgage lenders to modify distressed home loans rather than foreclose on them.
Our firm has had success with almost every bank and lender in the field, and we are ready to begin working on your case immediately.
What Should You Do?
The loan modification process can be confusing, but a Florida foreclosure attorney can examine your case and identify valuable defenses and options on your behalf.
If you have been served with a foreclosure complaint or are behind on your mortgage payments, you need to speak with a Florida Foreclosure Attorney about your case. We can discuss your options with you and develop a course of action that protects your financial and personal interests. Contact our offices today for a free consultation regarding your specific situation.