Dealing with the possibility of foreclosure is difficult for homeowners and their families, but by working with a qualified attorney who knows how to handle mortgage modification, you can put yourself in a much better position for the road ahead. The team at Mara & Mara, Attorneys at Law helps you with your mortgage modification needs, laying out your options in an easy-to-understand way.
By taking care of your legal needs, we take care of you – helping to solve your foreclosure challenges while giving you peace of mind. We deliver high-quality legal services based on our knowledge and compassion in this area of the law.
A mortgage modification can be an effective way to avoid foreclosure and may include lowering your interest rate, extending your loan’s terms or decreasing your loan’s principal. There are many situations in which a modification might be necessary: Your home is worth less than your mortgage balance, you cannot make your monthly mortgage payment, or you have missed a number of payments.
When you work with Mara & Mara, our attorneys closely examine your situation and finances to examine:
A mortgage modification is a positive outcome for both homeowners and banks, as the taxes, maintenance and insurance on a home make foreclosure a major expense for financial institutions. Banks also take on a great deal of risk, as they cannot guarantee that a foreclosed home will recoup its value at auction. With a mortgage modification, the homeowner gets to stay in the home, and the bank significantly reduces its risk.
To fully explore your mortgage modification options, work with our dedicated legal team today. We give you the resources you need to avoid foreclosure and head toward long-term financial success.
For all of your challenges related to mortgage modifications and foreclosure, work with Mara & Mara, Attorneys at Law. From our offices in Ormond Beach, we proudly serve individuals and families in Daytona Beach, New Smyrna Beach, De Leon Springs, Bunnell, Palm Coast and the surrounding areas. Call us at 386.310.2685 or contact us online.