Loan Modification

West Palm Beach Loan Modifications

loan-modifications
A Loan Modification creates a permanent change in one or more of the terms of a mortgage loan, allows the mortgage loan to be reinstated, and results in a payment the mortgagor can afford. This is a great tool to reduce monthly payments to make a home more affordable in today’s economic climate. The most common loan amendments include: New interest rate as low as 2%; Past due payments brought current over a period of time and Principal balance forbearance.

The Homeowners Assistance Division, which assists you with all your west palm beach loan modifications, works hand in hand with HUD approved housing counseling agencies to assist homeowners with loan modifications. By referring this type of business to HUD approved agencies, homeowners receive the benefit of working with licensed and trained modification counselors.

SPECIAL UPDATE:
HAMP 2.0, started in May, 2012. Key changes to the federal program allows for investment properties to qualify. Also, the treasury has tripled the incentives for lenders to write down principle balance reductions on underwater mortgages.

If a homeowner is delinquent on their mortgage and would like to save their home, a modification can be a great tool to bring the loan current and make the monthly payment affordable. It has been one of the most popular foreclosure alternatives and work out solutions. If principle balance reductions become popular, this program could significantly help the Florida housing crisis.

Our firm has recently partnered with the local NBC station, WPTV. A special qualification page was created to help WPTV viewers receive a prescreen for qualification.

Call our west palm beach homeowner hotline for a free consultation today!

How Can We Help?

Fill out our form today to speak to an attorney about any legal issues you may be experiencing, and we'll pair you with an attorney who specializes in that field.

How Can We Help?

Fill out our form today to speak to an attorney about any legal issues you may be experiencing, and we'll pair you with an attorney who specializes in that field.
how can we help
Our attorneys and legal experts can provide you with the legal assistance you need - when you need it.
© Copyright 2020 - Krasker Law - All Rights Reserved