Are you struggling to make your monthly mortgage payment?  Seek the help of an experienced mortgage modification professional.

You may be able to lower your monthly mortgage payment with a mortgage modification. Several factors help determine if your situation qualifies for a mortgage modification, a lower interest rate, reduction of the principal of the loan or extension of the loan. Contact us NOW for a free consultation.

It is not profitable for lenders to foreclose on a home, because of the expenses incurred by the lender. When the lender takes back possession of the home by foreclosure, they become responsible for property taxes, homeowners association fees, maintenance and other related expenses to the home.

Court costs and Attorneys fees are two large expenses that lenders must pay when they foreclose on a home. If the home is sold at an auction, the lender risks getting less than the value of the original loan. This does not help the lender make money. Therefore, the mortgage modification option helps the lender reduce the risk of losing a substantial amount on the home at an auction.

How to determine if a Mortgage Modification is an option for a Homeowner:

• Homeowner has missed several mortgage payments.
• The home is being foreclosed on by lender or bank.
  
• Home is worth less than the amount owed on the mortgage.
• Homeowner is struggling to make mortgage payment each month.
  
• Homeowner has an adjustable rate mortgage that has increased, making it difficult for the homeowner to make the new monthly payments.
  

Options for the Distressed Homeowner

The Homeowner should seek the assistance of an experienced mortgage modification legal professional.

At LaBovick Law Group, we look at the following in the Mortgage Modification process: 

• The gross and net income of a Homeowner.
• The assets of a Homeowner.
• The monthly expenses of a Homeowner.
• A Homeowner's documents identifying all of the above, including, bank statements, monthly bills, pay stubs, and tax returns.

How our Team can help the distressed homeowner:

• Mortgage Modification: Federal initiatives like the Obama Administration’s “Making Home Affordable” program and bank-sponsored programs can provide a fixed or lower interest rate and a lower principal balance. The LaBovick Law Group works with lenders to obtain the best option as well as a modification approval for the homeowner.
• Accuracy of Approval or Denial: When a lender fails to calculate mortgage figures properly, a homeowner may be denied a loan modification. The LaBovick Law Group provides the homeowner with support to help reverse the lender’s decision approve the loan modification.
• Defend against Foreclosure: When the LaBovick Law Group defends against foreclosure it attacks the mortgage and strategically negotiates on behalf of the homeowner, providing them time to explore additional options and workout solutions.

At LaBovick Law Group our mortgage modification professionals assist homeowners in finding a workout solution. Contact our office today to discuss your legal options. We offer a Free Consultation. Call our office now or fill out the contact form to the right for an assessment of your matter.

If you prefer to speak to us by phone, please feel free to call 888.777.3884 to discuss your personal matter with one of our professionals.

Call Today to learn how you can obtain a reduced mortgage payment and a lower fixed interest rate.

The Mortgage Modification Professionals at LaBovick Law Group assist clients throughout Florida, including Palm Beach, Martin, St. Lucie, and Broward counties, and the cities of Palm Beach Gardens, Jupiter, West Palm Beach, Boynton Beach, Stuart, Port St. Lucie, Delray Beach, Lake Worth, Boca Raton, Deerfield Beach, Fort Lauderdale and many other areas.