Mara Mara Law / Daytona Beach Foreclosure -Ormond Beach Foreclosure Attorneys /

Daytona Beach Foreclosure

Loan Modification:

Our Daytona beach Foreclosure attorneys know that while defending a foreclosure, in Daytona Beach or a surrounding area, you may want to attempt to obtain approval for a loan modifucation. A loan modification is a permanent change in one or more terms of the loan (i.e. reduced interest rate or extension of the loan term). The goal of loan modification is to allow the borrower to keep the property by creating payments the borrower can afford. Most lenders require a showing of financial hardship to qualify for a loan modification and financial affidavits to support the claimed hardship. With a loan modification, although a showing of financial hardship is usually required, the borrower does need to demonstrate ability to pay the modified loan amount. Allow our Daytona Beach Attorneys to assist you with the loan modification in your Daytona Beach and surrounding areas foreclosure.



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