Taking Control of Your Mortgage
Because of the current economy, many people who were once financially secure have suffered financial hardships. If you are struggling to make your mortgage payment, an experienced lawyer can work with your lender to modify your loan, making it more affordable.
At the law office of Zaeri & Associates, P.A., our attorneys work with clients throughout Orlando and Central Florida to accomplish loan modifications that make mortgages affordable again. Contact our firm online or call 407-792-3246 to schedule your free initial consultation.
Loan Modification Options
Our office can help you supply the appropriate information to the lender and take the appropriate measures to modify the terms of your loan. We work with clients and their lenders to lower the interest rate or extend the term of the loan. Although there are costs associated with this, for most people, the price of regaining control of their mortgage is worth the expense.
To be considered for a loan modification, all property taxes must be current or you must be participating in an approved payment plan with your taxing authority. Any additional liens or mortgagees must agree to be subordinate to the first mortgage.
A Solution that Works for You
For most clients, loan modification is a solution to their financial problem. The monthly mortgage payments come down to an affordable level, and you are able to stay in your home. In general, banks are agreeable to this option, as they want to settle the matter nearly as much as you do.
Even after starting a foreclosure action, banks are often willing to discuss other options through their attorneys. Banks and the laws that apply to mortgages encourage an agreement that prevents people from losing their home and being left with nothing.
Learn more about the loan modification options our attorneys can help analyze for you. Contact our firm online or call 407-792-3246 to schedule your free initial consultation.