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 looking for a way to save your mortgage, but have found loan modifications to cost a lot of money, there are other options. The FDIC Loan Modification program is free of charge, and allows homeowners to adjust their mortgages to payment terms that are more acceptable.
How Does a Loan Modification Work?
A loan modification does not change the amount of money you owe, rather it changes your interest rate and/or over how long you will pay your loan amount.
When you extend the length of your loan, you increase the amount you owe due to interest.
By granting you a loan, your lender expects you to live up to your end of the deal and pay back their money and they are entitled to get it one way or another.
Often times, a loan modification can pay for itself simply because the payments are adjusted so that you can save your home, ie would you pay $5,000 to save your home from foreclosure?
Where should borrowers interested in the FDIC Loan Modification program call to apply?
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. Please also use our resources on the site to find a representative that can represent you and help you save your mortgage from foreclosure.
