[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.fight13.com\/is-a-loan-modification-right-for-you-after-your-forbearance-plan-has-ended#BlogPosting","mainEntityOfPage":"https:\/\/www.fight13.com\/is-a-loan-modification-right-for-you-after-your-forbearance-plan-has-ended","headline":"Is a Loan Modification Right For You After Your Forbearance Plan Has Ended?","name":"Is a Loan Modification Right For You After Your Forbearance Plan Has Ended?","description":"Our office has been inundated with calls from homeowners who are concerned and even panicking because their CARES Act forbearance is coming to an end, or has already come to an end, but they do not know the next steps.\u00a0 The reality is that millions of homeowners across America are...","datePublished":"2021-05-14","dateModified":"2025-09-19","author":{"@type":"Person","@id":"https:\/\/www.fight13.com\/attorneys\/matis-h-abarbanel#Person","name":"Matis Abarbanel","url":"https:\/\/www.fight13.com\/attorneys\/matis-h-abarbanel","identifier":55,"image":{"@type":"ImageObject","@id":"https:\/\/www.fight13.com\/wp-content\/uploads\/2025\/09\/matis-abarbanel_avatar-96x96.png","url":"https:\/\/www.fight13.com\/wp-content\/uploads\/2025\/09\/matis-abarbanel_avatar-96x96.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Loan Lawyers, LLC","logo":{"@type":"ImageObject","@id":"https:\/\/www.fight13.com\/wp-content\/uploads\/2020\/03\/icon-logo.png","url":"https:\/\/www.fight13.com\/wp-content\/uploads\/2020\/03\/icon-logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.fight13.com\/wp-content\/uploads\/2020\/04\/loan-modifications.jpg","url":"https:\/\/www.fight13.com\/wp-content\/uploads\/2020\/04\/loan-modifications.jpg","height":280,"width":410},"url":"https:\/\/www.fight13.com\/is-a-loan-modification-right-for-you-after-your-forbearance-plan-has-ended","about":["Loan Modifications"],"wordCount":644,"articleBody":"Our office has been inundated with calls from homeowners who are concerned and even panicking because their CARES Act forbearance is coming to an end, or has already come to an end, but they do not know the next steps.\u00a0 The reality is that millions of homeowners across America are behind on their mortgages and in forbearance.\u00a0 While we would like to believe that all loan servicers are there to help and really have homeowners\u2019 best interest at heart, the reality is that they do not.\u00a0 Their job is to be as profitable as possible to make as much money as they can for their shareholders and officers.That means they are not generally going to overstaff their office to make sure they can handle the influx of people needing assistance.\u00a0\u00a0 They will hire the bare minimum to get by.\u00a0 Further, there is only so much the federal government can do. They cannot force servicers to give everyone modifications or write off past due balances.\u00a0 Homeowners need to know what can be done and who to turn to.A loan modification is a great solution for many struggling homeowners.\u00a0 The modification may bring a lower interest rate and longer terms, which may result in a reduction in the monthly payment amount.\u00a0 However, modification can be tricky and it\u2019s important to have the right law firm on your side who can guide you through the process.Click for more information on loan modification requirements.Just because you are behind on payments does not mean that you will automatically qualify for a loan modification. For example, if you have no income or limited income that is not enough to support a loan modification, your modification will be denied.\u00a0 A modification needs to be done right the first time.\u00a0 So determining the right time to file a modification request is vital.\u00a0 On the flip side, if you have too much income, that could also be a problem.Modification is also not the only solution. Some loan servicers have agreed to defer the missed payments to the end of the loan, so all that needs to be done is resume making regular payments again and those missed payments will not be coming due until the loan is paid off.\u00a0 There could also be a repayment plan where the missed payments are spread out over time to catch up.\u00a0 There is also an option for a Chapter 13 bankruptcy that will give a homeowner five years to catch up on their missed payments.At Loan Lawyers, we have substantial experience in all of these areas and have saved thousands of homes in Florida.\u00a0 If you find yourself in a position where you are behind on mortgage payments for any reason, call us now to chat about your situation with our Fort Lauderdale loan modification lawyer.\u00a0 We can help you create a plan that suits your needs and puts you in the best position to try to save your home.\u00a0 Call us now at 1-888-FIGHT-13 for your FREE consultation.\ufeffAbout the AuthorLatest PostsMatis AbarbanelMatis Abarbanel is the founding partner and senior attorney at Loan Lawyers in South Florida. He focuses his practice on consumer rights, helping homeowners navigate issues such as foreclosure and financial hardship. Matis also brings a wealth of experience from his previous work in personal injury law. As a devout Chasidic Jew, he is committed to making a positive impact in his community and dedicates his efforts to charitable initiatives through his non-profit organization, The Center, which aids at-risk Jewish youth. Matis actively serves clients across South Florida and is passionate about empowering individuals to secure their rights and achieve a better future.When Foreclosure Errors by Lenders Lead to Legal Remedies for Homeowners in Fort LauderdaleWhat Homeowners Can Do When Loan Documents Contain Forged or Altered SignaturesUnderstanding Florida\u2019s Debt Forgiveness Programs and IRS Rules"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Is a Loan Modification Right For You After Your Forbearance Plan Has Ended?","item":"https:\/\/www.fight13.com\/is-a-loan-modification-right-for-you-after-your-forbearance-plan-has-ended#breadcrumbitem"}]}]