WHAT TYPES OF LOAN MODIFICATION PROGRAMS EXIST?

If you are struggling to make your monthly mortgage payments or if you anticipate that you may have problems doing so in the near future, you need to understand what options are available to you in order to avoid foreclosure.  Thanks to the federal Making Home Affordable program and the Helping Families Save Their Homes Act of 2009, many lenders now offer a variety of loan modification options to eligible homeowners.  The Law Office of Ronald J. Conte can help you better understand the various loan modification programs that are available to you, including  the Making Home Affordable Program (sometimes referred to as the “Obama Plan”) and voluntary loan modification programs implemented by lenders throughout the United States.

As a result of the Helping Families Save Their Homes Act of 2009, FHA loans held by mortgage companies and loan servicers in addition to Fannie Mae and Freddie Mac are now eligible for loan modification under the Making Home Affordable plan.  The Law Office of Ronald J. Conte can help determine if your home mortgage is eligible for a loan modification program.

Private mortgage companies and loan servicers have also instituted voluntary loan modification programs that might be available to you even if you do not qualify for a loan modification under the Making Home Affordable Plan.  Lenders such as Wells Fargo, Bank of America, and EMC Mortgage Company all offer voluntary programs to homeowners in need of a mortgage loan modification in order to avoid foreclosure.  The Law Office of Ronald J. Conte can help you understand all of the options that are currently available both through the federal government and voluntary loan modification programs if you are in need of a loan modification in Orlando.

Orlando lawyer, Ron Conte, works directly with all mortgage companies on behalf of his clients who are in need of and qualify for a mortgage loan modification.  He can help you receive a reduced monthly mortgage payment with a lower, fixed interest rate by working directly with your mortgage company or loan servicer.  

Contact the Orlando Law Office of Ronald J. Conte today for a free, no-obligation consultation concerning loan modification programs.  Ron Conte will explain all of the available options to you and help you pursue the most advantageous loan modification option currently available to you.