What can you expect when applying for a loan modification?

While it’s impossible to predict the exact outcome of a Loan Modification application, we can assure you that the final modified loan you get from your lender will place you in a much more favorable financial position than you are today.  We can also guarantee you that we will provide you with thorough and professional representation.

The most common outcomes you can expect from a loan modification:      Saved home

  • Missed payments are forgiven or moved to back end of the loan.
  • Monthly payment is reduced to fit your ability to pay.
  • High interest rate is reduced to create an affordable payment.
  • Adjustable rate is converted to lower fixed-rate loan.
  • Lender may forgive part of loan balance to match home’s value.
  • Foreclosure process is stopped and lender modifies loan terms!
  • Negative amortization loans are converted to non-negative fixed loan.
  • Any combination of one or more of these results.

The end result = ” You get a fresh start ! “

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Burgess Law Firm
2149 N. Commerce Parkway
Weston, FL 33326
(954) 888-6383