Loan Modifications-Can They Prevent Foreclosures

I am very happy to say yes they can prevent foreclosure and make your life liveable again. Modifications are available in all states.

Your first option should be to refinance your home if you have enough equity, income, and meet the credit requirements. HOWEVER, if you are like a million others you may need to look at a mortgage modification.

I can help you through the loan modification process, conact  me at 352-505-2361.

A Mortgage Modification may require loss mitigation. Loss Mitigation is an attorney-backed process that helps those that cannot meet the financial obligations of their mortgage. If you are unable to refinance due to high LTV, bad credit, late mortgage payments, an interest rate that is adjusting, or other financial hardship – then I can help you with Loss Mitigation. This may include Loan Modification (rate reduction, rate locks, principal reduction, forgiveness of payment defaults, etc), Short Sale Negotiation, Deed in Lieu of Foreclosure, or Cash-for-Keys Negotiation.

There are three key elements that must exist to make a homeowner a good candidate for loan modification:

1. Desire to Key your Home
2. Your experiencing a Finacial Hardship due to one of many reasons. It could be that you have lost your job, or possibly just a reduction in the the hours you work. There may have been a rate increase due to adjustable rate mortgage.
3. Income/Employment must prove your ability to make the NEW reduced payments as scheduled.

If this sound like you, call me at 352-505-2361; I can help.

The fee for this service varies from state to state, call me 352-505-2361 to discuss the fee that applies you.

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