Is a loan modification a good choice for me?
Loan modifications can be an option for some buyers in certain situations. Federal loan modifications, as well as negotiated modifications from lenders, can sometimes be a good solution. While the Florida Supreme Court has mandated that banks attempt mediation with borrowers before foreclosure, many homeowners experience little success in battling for attention amid the thousands of Florida foreclosure actions being filed each week. A Florida foreclosure defense attorney may be able to help.

Can a mortgage holder include fees in a Florida Mortgage Loan Modification?
Generally, a mortgage holder is permitted to include reasonable fees, including foreclosure costs and legal fees, into the balance of a loan being accepted for modification. An experienced Florida foreclosure attorney can work to protect your rights.

Can a mortgage holder conduct an interior inspection of the property during loan modification?
Generally, yes. A mortgage holder is permitted to conduct any inspection that could reveal conditions which could impact the value of the property or the debtor’s ability to fulfill a modification agreement.

Can a loan modification capitalize an escrow advance for home owner's fees?
Yes. The law dictates that a mortgage holder must escrow any payments which, if left unpaid, could result in a lien placed ahead of an FHA-insured mortgage.

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