A South Tampa Loan Modification Attorney That Gets Results

In recent years, South Tampa has become the standard for urban living in the Tampa Bay area. Whether you’re fresh out of college or a family seeking your dream home, South Tampa has so much to offer, all close to shopping, nightlife and fine dining. However, even South Tampa homeowners have been affected by the recent recession. And many are faced with difficult decisions in regards to their homes.

If you are a South Tampa homeowner facing a financial hardship, a loan modification is a viable option. Stephen K. Hachey is a South Tampa loan modification attorney and can help homeowners facing foreclosure keep their homes.

A loan modification changes the terms of your loan in order to bring about payments that you can afford. Most lenders will modify an existing loan in order to help homeowners who face a documented financial hardship.

Until recently, loan modifications were only given to borrowers who were behind on payments when they were faced with a hardship. Now, borrowers may be able to get a loan modification even if they are not behind on payments, but still face a financial hardship.

How Do You Know if a Loan Modification is Your Best Option?

Your lender will make a calculated decision based on your hardship letter, current financial situation and employment status to determine if they should approve you for a loan modification. It is highly recommended to consult with an experienced South Tampa loan modification lawyer like Stephen K. Hachey to determine your options and offer you the best available solution.

Do You Have to be Behind on Mortgage Payments to Qualify for a Loan Modification?

No, this is a common myth and is false. Many mortgage lenders are receiving incentives to accept loan modifications while the homeowners are still current.

Why Should I Hire an Attorney Instead of Attempting to Do it Myself?

Of course you can do it yourself, but ask yourself honestly how important is it to you to keep your home. Many people have tried to complete a successful loan modification themselves with no help or advice, but remember the lender has their best interest in mind and not yours. People always hire experts to handle anything as important as the home they live in. So a better question might be, can you afford to NOT hire a loan modification attorney?