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Real Estate Law > Loan Modification


What is a Loan Modification?

In response to the housing crisis, the Obama Administration has established HAMP (Home Affordable Modification Program). This program encourages lenders to provide loan modifications to homeowners like you. In short, a Loan Modification is when you negotiate different and more advantageous loan terms with your lender.  Here’s what loan modification can do for you:
  • Lower your interest rate
  • Remove late fees and penalties
  • Extend the terms of your loans
  • Reduce your principal in some cases
  
Who Qualifies?
 
You can qualify if you are in one or more of the following situations:
  • You are out of work or are experiencing a decrease in income
  • You are in bankruptcy or foreclosure
  • You owe more on your mortgage than your home is worth
 
You can qualify for loan modification even if you’ve never been late with your payments in the past.
In most cases, people are denied a loan modification simply because they fail to submit complete information to the lender. DON’T LET THIS HAPPEN TO YOU!

 
Schedule Your First Free Consultation to learn more about your loan modification options

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Copyright © 2016
  • HOME
  • PRACTICES
    • Bankruptcy Law >
      • Chapter 7
      • Chapter 11
      • Chapter 12
      • Chapter 13
      • Loan Modification
      • Creditor Representation
      • Assignments for the Benefit of Creditors (“ABCs”)
    • Tax Law >
      • Tax Audits
      • Tax Fraud & Tax Evasion
      • Tax Preparer Penalties
      • Offer-in-Compromise (“OIC”)
      • Florida Sales Tax Problems
      • Offshore Bank Account (“OVDI”)
      • Innocent Spouse Defense
      • Installment Payment Agreement
      • Individual & Business Tax Preparation
    • Business & Commercial Law >
      • Business Formation
      • Business Transactions
      • Work-outs & Restructuring
      • Franchise Law
      • Not for Profit
      • Buying or Selling a Small Business in Miami
    • Real Estate Law >
      • Real Estate Transactions
      • Foreclosure Defense
      • Short Sales
      • Loan Modification
      • Tenant Landlord Disputes
      • Homeowner’s Association
    • Immigration Law >
      • U.S. Greencards
      • U.S. Visas
      • Citizenship
      • Investor Visas
      • Adjustment of Status
      • Labor Certification
  • PROFESSIONALS
    • Paula Gonzalez
    • Aramis Hernandez, Esq.
    • Greg Rice Jacobs, Esq.
    • Anna Zhuromskaya, Esq.
  • BLOG
  • CONTACT US