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What is a Loan Modification plan?
The term "loan modification" refers to a readjusting of your current mortgage. If you can currently make your regular payment, but you can't catch up with the past-due amount, we will negotiate with your lender to fold any past-due amounts, including interest and escrow, into the unpaid principal balance. This new amount will be re-amortized over a new period of time. Or, if you are unable to make payments at this rate, it is possible to negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level. A Loan Modification or Loan Restructuring will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.
Charlip Law Group, L.C. legal practice is focused on foreclosure and business-related litigation and transactions and personal injury. Our practice areas include banking, class actions, commercial litigation, construction, employment, family law (divorce), mortuary/funeral law, nursing home law, products liability, property, real estate, serious injury/death, securities law and subrogation litigation. Our law firm offers clients a bi-lingual staff, a variety of fee arrangements and a sincere dedication to your needs. To learn more about the history of our firm and attorneys feel free to contact us directly at our Hollywood, Florida offices: 954-921-2131 or toll free 1-800-773-1955.
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