St. Petersburg Loan Modification Attorneys
(727) 877-3188 To Schedule a Free Consultation
Your home is likely the most important financial investment you and your
family have made. The sheer thought of losing it in
foreclosure is something that you certainly do not want to consider under any circumstance.
However, that is exactly what can happen if you are significantly behind
on your mortgage payments.
By working with our St. Petersburg loan modification lawyers at Boss Law,
we can help save your home. We have years of experience helping homeowners.
With a highly qualified debt relief attorney at your service, we are uniquely
poised to help you defend against foreclosure.
Call us today at
(727) 877-3188 so that our consumer protection attorneys can give you the support you
need for loan modification.
Stopping Foreclosure through Loan Modification
Foreclosure fills many families with a sense of dread. However, the great
news is, if you live in the St. Petersburg or Tampa, Florida areas, there
are programs available to stop foreclosure and save your home. For homeowners
who are seriously behind on their mortgage, a loan modification may be
the only reasonable solution to avoid foreclosure. A loan modification
is a change in the terms of your existing loan to make your payments more
Benefits of Loan Modification
There are multiple advantages that come with having a loan modification.
Some key benefits of loan modifications include:
- Keeping the home you worked so hard to earn.
- A permanent change to your loan that allows the rate and payment to remain
steady throughout the loan’s duration.
- The resolution of any delinquency status.
- Lower monthly payments.
- Alternative resolutions that do not harm your credit score, in comparison
The Pitfalls of Modifying Your Loan Without Legal Guidance
Going through the modification process without legal representation can
be a complete nightmare. In theory, many banks and lending institutions
stand to make a larger profit on the foreclosure and resale of your home
than on the modification. Therefore, homeowners seeking a modification
find the process to be extremely frustrating because paperwork will conveniently
go missing or the bank will require the same information to be submitted
multiple times. In most cases, the homeowner simply gives up. On the other
hand, some lending institutions are so bogged down with modification requests,
they cannot keep up.
In either case, the process can take an eternity, and you are left to deal
with the fear and anxiety of the possibility of still losing your home.
If you do manage to get through the modification process, often the terms
that the bank or lender have given to you are not so good. However, you
are now stuck with them and will not be able to change them for quite
some time, if ever.
How Boss Law Can Help You Protect Your Home
We have years of experience in the loan modification field and are versed
in all areas of Florida foreclosure law. Our experienced Florida loan
modification law firm can take the anxiety and uncertainty of the loan
modification process away and avoid foreclosure for your home. We know
how to expedite the procedures for the modification and to get definitive
answers from the bank.
We also know that it does no good to get a modification if the new terms
are as bad as the old terms. Our St. Petersburg loan modification attorneys
can work hard to get a payment that is affordable with the best rate and
term available to save your home and protect it for the future. Our debt
relief lawyers can also help you address any other financial concerns
you may have and explore solutions tailored to your needs, including a
Contact us now at
(727) 877-3188 so that Boss Law can give you a free consultation on any of your questions
regarding loan modifications.