What is a loan modification?
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.
Am I Eligible for a Loan Modification?
This will vary depending on who services (i.e., who you send your mortgage payment to each month) your mortgage. However, most follow very similar qualification criteria. These are the most common loan modification qualification standards:
- Experienced a documented hardship or change in financial circumstances
- Missed three payment (90 days delinquent) or more
- Owns and occupies the property as a primary residence
- Not filed bankruptcy
Other important factors that can effect your eligibility:
- Do not purposely default to get a loan modification
- Make sure you are responsive in working with your lender
Since many of the programs do vary in how they work, you should contact your lender and advise them of your hardship and get more information. |
Free Consultation
We will provide you with a free consultation where we will educate you on the foreclosure litigation process and how we can assist you. We discuss your specific needs and objectives and give you the advice you need, whether you are considering protracted litigation, loan modification, a short sale, or a deed-in-lieu. Not every foreclosure case needs a lawyer and if you don’t need an attorney we will let you know. We only accept a limited number of new cases each month so contact us today!
Affordable Full-Service Foreclosure Defense and Mortgage Modification
Our payment plans are flexible and affordable in recognition of our clients' financial struggles. We will work with you to develop a fee agreement that fits your budget.
Contact Us
Whether you are in West Palm Beach, Boynton Beach, Coral Springs, Wellington, West West Palm Beach, Pompano Beach, North West Palm Beach, West Palm Beach or anywhere else in Florida you need to ACT NOW!! Time is of the Essence to Stop Foreclosure and Save Your Home.
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