Loan Modification Lawyer in Jacksonville, FL
Let Us Help, Guide, & Protect You
Welcome to the complex world of mortgage loan modifications. If you are reading this, then I’ve got a pretty good idea that you are one of the thousands of Florida homeowners struggling with your mortgage payments. You are in luck, and you have come to the right place. Our Jacksonville loan modification attorney is proud to offer a mortgage modification program that can help you stay in your home.
A mortgage modification is a great option if you find yourself in a financial hardship causing difficulties making your monthly mortgage payments. Our goal it to help educate you by providing all of your options.
As an experienced Jacksonville loan modification lawyer, we strive to educate you on the various options available when it comes to keeping your home. We have a modification specialist that works directly with you and your lender with only one focus, to get you an affordable mortgage payment.
Our consumer protection attorney in Jacksonville, Robert Peters, is helping many people from Duval County, Fernandina Beach, and throughout Florida to modify their mortgage loans.
Like a lot of people, knowing where to start and understanding the lingo is half the battle. Let’s start by giving you a lesson on the ABC’s of mortgage loan modifications.
What Exactly Is a Mortgage Loan Modification?
A mortgage loan modification is a restructuring of your original mortgage loan terms in an attempt to get your monthly payment to 31% of your total gross income, or a payment you can afford. Our ultimate goal in assisting you with a mortgage modification is to come up with a workout plan that results in a permanent change to the interest rate, the term and ultimately the monthly payments of your mortgage loan. There are different programs available when it comes to modifying your mortgage, so it’s important to have an experienced Jacksonville loan modification attorney guide you through the process.
Here are some common aspects of loan modification we can help with:
- What is the HAMP/MHA program about?
- What is Net Present Value – NPV?
- What is the Mortgage Debt Relief Act of 2007?
- What if I have a 2nd Mortgage on my home?
- Will my lender come after me if my home is foreclosed on?
- How long does a trial modification last?
- What is a forbearance agreement?
- What if I have a mortgage owned by Fannie Mae or Freddie Mac?
- What if I have already tried to modify my mortgage and got denied?
- What is a Deed-In Lieu of foreclosure?
- What is HAFA?
- What is a Short Sale?
- What is strategic default?
- Can I apply for a mortgage modification myself?
- What about out of state attorneys and modification groups?
- What can your office do that others can’t?
- Should I continue to pay the HOA, taxes and homeowners insurance?
- Do I have a prayer of getting a modification?
- Am I wasting my time?
- What if my HOA has filed a lien against me?
- Will applying for a mortgage modification stop my foreclosure suit?
- How long does the process take?
- What happens if I get approved for a modification and don’t make my payments?
- Can the lender include late charges in my modification?
- Can I qualify for a mortgage modification with a low credit score?
- Who is eligible for assistance?
- What if I’ve gotten a divorce since the time I took out my mortgage?
- What kind of financial documents am I required to supply the lender?
- Can I obtain a mortgage modification if I have filed for bankruptcy?
- Will my lender charge me fees for processing a mortgage modification?
We’ve helped clients with home loan modifications with the following lenders:
- Wells Fargo
- Quicken Loans Inc.
- Bank of America
- U.S. Bank Home Mortgage
- PHH Mortgage
- Freedom Mortgage