Hurricane Irma Mortgage Relief
We Help Clients In the Greater Fort Lauderdale Area Get Back on Their Feet
At the Loan Lawyers, we stand by those who have been affected by the devastation of
Hurricane Irma as they attempt to recover and rebuild their communities. Our team of
lawyers is focused on providing the support and assistance that our clients
need during this difficult transition period. We work with our clients,
partners, and Federal and local authorities to help bring relief to struggling
homeowners. Furthermore, we are committed to helping Fort Lauderdale families,
neighborhoods, and communities recover in the months and years ahead.
Recently, Fannie Mae, the government-backed agency that own millions of
mortgages across the country, has authorized loan servicers to suspend
or reduce payments on single-family mortgages for up to 90 days. Additional
payment forbearance of up to 12 months is also available to homeowners’
in certain circumstances.
For Major Disaster Areas where federal Individual Assistance programs have
been extended (this includes areas impacted by Hurricane Irma), your mortgage
company is authorized to:
- Suspend mortgage payments for up to 12 months
- Waive assessments of penalties or late fees
- Suspend reporting mortgage loan delinquencies to the nation's credit bureaus
It is important to note that forbearance is not automatic, and you will
need to contact your loan servicer for assistance. Depending on each individual
case, your deferred payments can either be added to the end of your loan
or will become due in a lump sum or according to a payment plan. The interest
on your mortgage will still accrue, but there will not be any negative
marks on your credit score.
Speak with Our Team Today
Dealing with loan companies is a negotiation process that can become difficult
very fast. When you choose the Loan Lawyers, we bring our combined resources
and knowledge to the table to negotiate on your behalf. The last thing
you want is to be taken advantage of, which is why it is important to
have experienced legal representation by your side. Our team of lawyers
is dedicated to helping Florida’s residents recover from Hurricane
Irma and we will fight to protect your rights and interests.
Contact our Fort Lauderdale debt attorneys
to get started on your free case evaluation today.