Loan Modification Lawyers Representing Clients in Spring Hill, FL
Have you fallen behind on mortgage payments? Depending on the facts of your case, you may be able to avoid foreclosure by modifying the terms of your mortgage. Fortunately, if you’re in Spring Hill, Florida, or the surrounding area, you can turn to the experienced loan modification lawyers at The Lyons Law Group, P.A.
What Is a Loan Modification?
As its name suggests, a loan modification (also known as a “remodification” or “mortgage modification”) involves changing the terms of a mortgage. If a homeowner has gotten behind on paying their mortgage, the bank may agree to lower the monthly payment amount so that the homeowner has a chance to catch up on what they owe. This is often accomplished by adjusting the mortgage’s terms to include one or more of the following:
- Principal forgiveness
- Principal deferment
- An interest rate reduction
- An extension of the loan’s maturity
- A shared appreciation plan
A knowledgeable loan modification attorney—such as the ones at The Lyons Law Group, P.A.—can help you negotiate with the bank and ensure that all of the required documentation is properly submitted. They can also help you explore other foreclosure defense options, including a case dismissal, a short sale, or cash for keys.
Schedule a Free Consultation
If you’d like to discuss your case with one of the loan modification lawyers at our firm, contact The Lyons Law Group, P.A., today. We’ll be happy to schedule a free initial consultation, so just let us know when you’d like to meet and where—in addition to our Spring Hill, FL, location, we have another office in New Port Richey. Our mortgage lawyers look forward to helping you find the foreclosure defense strategy that will best serve your needs, whether that involves a loan modification or another option.
