Help With Loan Modifications

The economic downturn has had a negative effect on home values throughout Central Florida. In the past, homeowners could count on the value of their home to increase, creating a significant nest egg for the future. Unfortunately, countless homeowners now owe more on their mortgage than the value of their home.

If you are upside down on your mortgage, the law office of James H. Monroe, P.A. is committed to helping you maintain your home. We are a debt relief agency offering more than 30 years of experience helping residents throughout Central Florida avoid foreclosures. Contact our Orlando law firm today to schedule a consultation.

Seeking Relief Through HAMP

Attorney James H. Monroe has served clients in Orlando seeking debt relief solutions long before the housing market crashed. Mr. Monroe has a dual certification in business and consumer bankruptcy law by the American Board of Certification. He has a substantial understanding of the federal bankruptcy system and mortgage workout plans.

The federal Home Affordable Modification Program (HAMP) provides homeowners with access to debt negotiation programs aimed at avoiding foreclosures. In general, if you have a steady income and are behind on your mortgage payments, you may qualify for relief through HAMP. This program is designed to reduce interest rates and extend mortgage terms. As a result, qualifying homeowners have an opportunity to reduce their monthly payments, but the program offers little to address negative equity concerns.

During a free initial office consultation, the attorneys at James H. Monroe, P.A. will review your financial situation to help determine if HAMP could provide you with the much-needed relief. The attorneys will advise you on if mortgage modification is a possibility in your case. Please be aware you are more likely to qualify if you only have one mortgage, since you will need to qualify twice for two mortgages.

Contact A Lawyer Who Can Assist You

If you are considering a loan modification, call 407-917-4147 or contact us online to schedule a free initial office consultation with an experienced bankruptcy attorney. We will help determine if a loan modification is the right solution based on your financial situation.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.