HELPING HOMEOWNERS MODIFY THEIR LOAN AND AVOID FORECLOSURE

If you are  currently having difficulty making your mortgage payments and in fear of losing your home to foreclosure, the Making Home Affordable Program has options available to assist you.  There are many new and different programs to assist a wide array of borrowers.  Whether:

 

• Your home value has dropped
• You are a member of the Military
• Your are Family of Military
• You are Unemployed
• You no longer occupy the property
• You are divorced
• You are facing medical bills
• You have a second mortgage
• You have a reverse mortgage

and

• You occupy the house as your primary residence
• You obtained your mortgage prior to January 1, 2009; and
• You owe no more than $729,750.00 on your mortgage balance

-Source –  Makinghomeaffordable.gov

The Making Home Affordable Program may offer you

• lower monthly payments
• lower interest rates
• principal forgiveness and/or principal reduction
• 40 year amortization

Not all servicers participate however.  And it is critical to make sure yours does.  This is easy to check on the Making Home Affordable Website or you can contact our office to  see if your lender participates in the plan in order to see what you qualify for.

It is also critical to find out if your loan is owned by FANNIE MAE or FREDDIE MAC. This make a huge difference in the reduction and cancelation of debt to the borrower.

Many attorneys take on any client coming in their doors to modify their loans. However, we at the Law Offices of Jacqueline A. Salcines, P.A. handle our modifications differently.  First and foremost, we use a program designed just for our firm under the Making Home Affordable guidelines to qualify you and determine your new projected mortgage payment and balance.

During the initial consultation with attorney Jacqueline A. Salcines, Esq., we will run your numbers and see whether you qualify you for a loan modification under the HAMP Program. If your numbers do not qualify you under the HAMP Program, your servicer may still participate in other in house modification programs.  We are well versed in the lender programs and can provide qualification and guidance on them.

Call today for a free, no obligation consultation with Attorney Jacqueline A. Salcines, Esq.

TRUST  |  COMMITMENT  |  RESULTS

JACQUELINE A. SALCINES, ESQ.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FLORIDA 33146

TEL. (305) 669-5280

DIRECT EMAIL:  J.SALCINES@SALCINESLAW.COM