When foreclosure is knocking on your door, you may feel overwhelmed as you try to decide what steps to take to prevent losing your home. Most homeowners assume that foreclosure is imminent once they cannot pay off their mortgage loan payments. However, that is not the case. One option that could benefit you and your lender is a loan modification. The process of completing a loan modification application in Florida is long and sometimes difficult. To give yourself the best chance of a loan modification approval and to get a clear understanding of exactly how long a loan modification will take, contact a loan modification attorney who may be able to help with your case.
The Law Offices of Daryl L. Jones, P.A is a Florida law office that has helped thousands of clients apply for and obtain loan modifications to prevent their homes from entering into foreclosure or being sold at auction. If you are considering working with an attorney, it is important you know the advantages of hiring a Florida loan modification attorney.
How Can a Florida Loan Modification Attorney Help You?
The loan modification process in Florida can become convoluted, as with all areas of real estate law. The entire process often takes between four to six months and can become overwhelming as you try to avoid losing your home. While you may feel as if you are going through this on your own, a loan modification attorney may be able to help you. When you work with an experienced loan modification lawyer, you may benefit from the following advantages:
Your Lender May Not Always Have Your Best Interest in Mind
There have been many situations where a person has applied for a loan modification and was led to believe that his or her lender was working with them only to find that their home was lost to foreclosure. When you work with a knowledgeable attorney, they will have experience in dealing with these cases and can ensure that your lender is not leading you astray when it comes to the loan modification application process.
Not as Many Loan Modifications Are Granted as You May Think
It is by no means easy to obtain a loan modification. However, with the help of an experienced attorney, you’ll be able to determine if you’re eligible for the modification and you may have a better chance of approval.
Get Help With Paperwork
One of the simplest ways to have your loan modification application denied is through incomplete paperwork. An experienced loan modification lawyer can help ensure that the paperwork necessary for your application is prepared, filed, and completed correctly, and in the manner your lender prefers.
Lenders often assume your case is just another simple summary judgment foreclosure when you apply on your own. However, when you have a loan modification lawyer representing you, the lender may take your case more seriously and become more open to negotiation.
You May Get a Better Deal
When you work with a Florida loan modification lawyer, look for one who has experience working with lenders in prior cases. While each case is unique, their experience will allow them to negotiate better on your behalf in hopes of getting the lowest possible payment and interest rates so that you can stay current on all payments moving forward.
Do not go through the loan modification application process without the help of a professional. Get help from a Florida lawyer dedicated to helping you avoid the foreclosure of your home.
Consult with a Florida Loan Modification Attorney
There are many reasons why a person may no longer be able to pay their mortgage loan payments. While you may feel there is nowhere else to turn, you can still avoid foreclosure if you apply for a loan modification. For assistance with the lengthy mortgage loan modification application process, contact our team of experienced attorneys for guidance.
The Law Offices of Daryl L. Jones, P.A is a Florida real estate law firm that has helped thousands of clients obtain loan modifications. While the idea of losing your home can be scary, when you work with an experienced and trusted attorney, you may be able to avoid losing your home by securing loan modification approval from your lender. You deserve the chance to keep your home. Contact our Florida loan modification lawyers by filling out our contact form or calling (305) 969-3602.