Struggling with mortgage payments on your real estate property? You are not alone. Many individuals are having difficulty making ends meet and paying off their high monthly mortgages, especially in today's economy. Loan modification is an option that can help you renegotiate your monthly payments with the bank to make them more affordable for you.
If you are considering the option of a loan modification, you will need a qualified foreclosure defense attorney in Orlando to help you renegotiate. At HAYNES & DE PAZ, P.A. we are devoted to helping our clients keep their homes when they are facing complex real estate situations. You have a limited amount of time to take action. For that reason, we encourage you to contact us today to discuss your case with a skilled Orlando foreclosure defense lawyer. We proudly offer our exceptional services to clients throughout Florida including clients located in Longwood, Orlando, and Tampa.
Loan modifications are a practical method for people who need to move from a variable rate mortgage to a locked-in mortgage rate. Making a modification to your loan can result in the reduction of your interest rate or the increase of the duration of your mortgage. In either case, your home mortgage could be made much more affordable.
Common reasons that people need loan modifications include the following:
If the bank forecloses on the home, it will likely have to resell your home for an amount that is less than what you owe. For that reason, the lender may be willing to be flexible and make an adjustment to help the bank retain the full value of what is owed.
With headstrong and professional legal representation, you will have a stronger chance of obtaining a positive outcome. We actively work for homeowners and commercial property owners as well as real estate professionals who are involved in pressing matters with lenders. Schedule a free case evaluation with an Orlando foreclosure defense attorney from our firm at your earliest convenience.