loan modifications

Hi its Memorial Day Weekend- the rest of the country is doing their barbeques and pool parties.  However in our main Kendall office I can see the baby ducks in the back paddling (not walking) in our parking lot.  At home, my wife is scared to go in the back yard because of all the frogs and the roads up to our Ft Lauderdale office are a mess. 

However, it’s important to remember, no matter how wet it may be, at least it’s not a hurricane.  Many of our fellow South Floridians received phone calls right after the hurricane from their mortgage companies asking if the home had sustained damage.

“Ack, my house is being sold this Monday!”

We hear that a lot. As a matter of fact I heard that 4 times since yesterday morning. (Today Is Friday Jan 6th, 2017 – Happy New Year by the way.)  We can help.

The processes surrounding bankruptcy, loan modification and foreclosure in South Florida are often complicated, resulting in several misunderstandings about how these processes work and which one you should pursue if you are facing distressing financial situations.  These common myths make it difficult to make the right decision for your financial future, so dispelling them and learning the truth about which process would work in your favor if you are considering bankruptcy in Florida is an important step to getting back on track with your life and financial goals.

Myth #1 – Loan modification is encouraged by the federal government and therefore anyone can easily get it to reduce the principal amount that’s owed on their home.

Wrong.

Less than 30% of the homeowners who apply for loan modifications are granted them.
Read more . . .

Florida Leads The Nation in Vacant Foreclosures—How to Avoid Losing Your Home

If you are going through a foreclosure or if you are on the brink you are not alone.. and we can help.

For the past two years in Orlando, there has been a new wrinkle in bankruptcies.  You can now include loan modifications inside your chapter 13 bankruptcy. Over 70% of these bankruptcy cases resulted in new lower mortgage payment. Now, we are doing the same program in Dade and Broward counties.