Florida Loan Modifications has been serving families like yourself for more than 25 years. We serve loan modifications to clients locally here in Florida and Nationwide. Please use this site as a resource to learn more about loan modifications and how they can help your family save your home from foreclosure.
If you are at risk of losing your home and are looking for alternatives, you may want to consider a loan modification. There are a lot of companies that are trying to confuse people and get them to refinance their mortgage instead of simply modifying their mortgage which is free using the new FDIC program.
Loan Modifications Can Reduce Your Principal
Loan modifications are generally great. They allow you to reduce your interest rate and or principal and get into a 30 yr fixed.
Loan Modifications is just one of a few options available to people who want to keep their home. I suggest you pay no more than $1500 for an attorney driven loan mod and although you can do it for free, I don’t suggest you do.
Buyer beware. If it sounds to good to be true it likely is. Look at your income and project it over the life of the loan and if you are having problems meeting the minimum take a loss and sell. Selling at a loss is better than a foreclosure and a bankruptcy.
Using A Foreclosure Lawyer To Save Your Home
A foreclosure attorney can represent you against banks and mortgage companies, however, often times they can charge you upwards of $5,000 and still have your home go into foreclosure.
If you are choosing a lawyer to help save your home, you may be better off using a lawyer to help negotiate a loan modification rather than a foreclosure lawyer.
How To Apply For The Free FDIC Loan Modification Program
Borrowers who are delinquent or who are experiencing financial hardship and are falling behind on their IndyMac Federal mortgage should call 1-800-781-7399 to speak with an IndyMac Federal customer service representative. They may also visit the FDIC website (fdic.gov) or the IndyMac Federal website (imb.com) to find out more about the loan modification program.
