Loan Modifications: Stop Foreclosure, Restructure Debt
If you are under severe financial pressure or distress, you may consider a loan modification to protect your home against foreclosure. While there is a growing body of law allowing modifications to mortgages, it is important to understand the potential consequences of loan modifications as well as the dangers of proceeding without adequate representation. At Nardi & Nardi, P.A., we have extensive experience handling complex cases involving loan restructuring, creditor negotiations, and foreclosure.
Protect your rights, your family, and your future. Call now at 407-478-0074 or contact us by email for experienced legal advocacy you can trust.
You may owe months of missed mortgage payments, or have received a foreclosure notice. When you fear that you are out of options, it is very important to know your rights. The decisions you make now could serious affect your interests and your financial security into the future. Taking appropriate legal action allows you to:
- Stop foreclosure
- Stop creditor harassment
- Restructure debts
- Achieve financial security
Is Loan Modification Right for Me?
While there are some circumstances where a loan modification is appropriate, these situations are rare. Most of the time a modification will simply lower your monthly rate, but it may increase your interest payments in the future. In addition to unfair settlements, you could also be left with tax debts on the money saved during a modification. It is a spiral of debt that you could have a very difficult time recovering from. If you do decide to proceed with a loan modification, it is important to work with an experienced attorney who can review loan documents to protect your rights and long-term interests.
Know Your Options and Your Rights
Before proceeding with a loan modification, it is important to have a complete understanding of the risks and benefits of loan modification. Our attorneys will review your debts and assets, carefully considering all of your options and alternatives. If loan modification is appropriate for you, we will review documents to protect your interests. Otherwise we can help you proceed explore or pursue other alternatives, including Chapter 7 or Chapter 13 bankruptcy.
Call us at 407-478-0074 today to speak directly with an experienced Orlando, Florida, lawyer or contact us by email if you have a question about your case.
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