A loan modification changes the terms of your loan with the goal of reducing your monthly payment. In exchange for this lower payment, your bank has now saved the cost and hassle of a foreclosure lawsuit and sale of your home. More importantly, you get to stay in your home at a monthly payment you can afford.
Your home does not need to be in foreclosure for you to do a loan modification. In fact, being proactive can help avoid having a lawsuit filed against you.
A loan modification is the renegotiation of a legal contract and should be done by an attorney. With a former foreclosure prosecuting attorney on staff, Plotkin Law Firm, P.A. can negotiate the most favorable loan modification terms for homeowners.
Plotkin Law Firm, P.A. works to provide personalized loan modification services to clients throughout South Florida. Contact us today for a free consultation.
Contact us today for a free consultation.