When homeowners are struggling to make mortgage payments and fear foreclosure, a loan modification is often the answer. A loan modification will restructure the terms of the existing loan, such as the interest rate, length of the loan, and even the monthly payment amount. By modifying a loan, the payments…
Category: Loan Modifications
Commonly, homeownership represents the biggest investments for consumers. Throughout the course of homeownership, there are a number of terms that are important to know in order to help to protect that investment. Here are a few: Mortgage vs. Note: Both of these documents are signed together at closing and may…
How a client ultimately ended up in foreclosure is oftentimes a sticking point for many of them. In some instances, it’s because a series of unfortunate events occurred – a death in the family, unexpected medical expenses, or loss of income. Other times, it’s because of the Bank’s incompetence that…
Our client, T. E. took out a note and mortgage with World Savings Bank, FSB on January 30, 2007. The note had a 7.0% adjustable interest rate, which would adjust every 2 weeks, based upon the “GDW” Index. The note and mortgage were industry-standard documents, however, the mortgage made a…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…
