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Housing costs can be expensive in Boca Raton, Florida, leading many homeowners to look into the possibility of modifying their mortgage loan. Since a home purchase is the most expensive purchase that most people make during their lifetime, the terms of a mortgage loan modification can have an impact on a person’s finances for many years to come.
Due to the subprime mortgage financing crisis, an increased number of homeowners have been forced into foreclosure in Florida. Once homeowners miss mortgage payments, they quickly receive default and foreclosure notices. Our qualified legal team gets to work immediately on your case to preserve your homestead rights. We are often able to help Florida homeowners keep their homes by raising applicable defenses and requesting a loan modification. We negotiate with mortgage lenders for more favorable rates, including:
• A reduced interest rate
• A fixed interest rate instead of a variable interest rate
• A longer loan term
These measures often allow you to decrease your monthly payment so that it is more manageable.
When considering a mortgage loan modification, it is critical to work with an attorney who is experienced in these matters. Harry Ross has been part of the Florida Bar, Section on Business Law since 1990 and a member of the Southern District of Florida Trial Bar since 1994. He has spent decades handling real property disputes, mortgage loan modifications and other real property matters. Contact Harry Ross Attorney at Law in Boca Raton, Florida to get immediate assistance with your case.