Mortgage Modification

Mortgage Modification

Making Your Mortgage Affordable

If you cannot afford your current mortgage payment, a mortgage modification is a process that may work for you. In a mortgage modification, you negotiate with your lender to obtain a more beneficial loan. You may be able to change your loan's terms, interest rate, or monthly payment.

If you are having difficulty paying your mortgage, I recommend that you contact me at Robert J. Warren, P.A., Attorney at Law; I can assist you in better understanding the mortgage modification process and help determine if it is a viable option for you.

As a Gainesville bankruptcy attorney who has helped thousands of individuals with debt relief, bankruptcy, and other financial matters in the North Florida area, I am experienced with loan documentation and modification.

Prevent Foreclosure with a Modification Mediation in Bankruptcy

Outside of bankruptcy, less than four percent of borrowers have been successful in having their loans modified. Fortunately, the bankruptcy courts of North Florida have adopted a new program called Mortgage Modification Mediation. This new method of approaching the modification process has an average success rate of around seventy five percent! 

Modification in bankruptcy works better because the court is supervising the process and, rather than deal with the usual inefficient bureaucracy of the banking industry, the bank is compelled to cooperate according to a schedule set by the court and deal in good faith knowing that the court will be reviewing their actions and results.

The goal of the loan modification process is to negotiate a more affordable payment for you. This may be achievable through an interest rate reduction, which may be established as temporary or permanent, or by extending the payback term in some cases to as much as 40 years. Other options may include deferring principal payments, generally at zero interest. While it is rare, in some cases the lender may agree to a principal reduction in cases where your home has lost value due to a declining real estate market or other factors.

Read More Read Less

Contact Us Today

We’re Ready to Help

A member of our team will be in touch shortly to confirm your contact details or address questions you may have.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to receive text messages from The Law Office of Robert J. Warren, P.A. at the number provided, including those related to your inquiry, follow-ups, and review requests, via automated technology. Consent is not a condition of purchase. Msg & data rates may apply. Msg frequency may vary. Reply STOP to cancel or HELP for assistance. Acceptable Use Policy

We've Helped Many People in Your Shoes

See What They Have to Say!

At The Law Office of Robert J. Warren, P.A., your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    “easy to work with, communicative throughout the process and helped overcome a few key issues that could have derailed our closing. 10/10 would definitely recommend!!”
    I recently used Robert Warren to help in the closing of my mom's home, and couldn't be happier with how it went. Robert and his assistant Lois were easy to work with, communicative throughout the process and helped overcome a few key issues that could have derailed our closing. 10/10 would definitely recommend!!
    C. Delatorre
    “My estate settlement went swimmingly thanks to Robert.”
    Robert helped me with the sale of my home. This man was so knowledgeable he practically handled the whole thing for me. Not to mention his secretary is an absolute delight, so courteous and polite. Robert is the most phenomenal lawyer I've ever had to pleasure of working with.
    Daniel
    “Robert Warren is an excellent Real Estate attorney.”
    Robert Warren is an excellent Real Estate attorney. He and his team are always on the ball, communicate between the seller, buyer, and mortgage company very well, and they are timely in their work. I have sold a house and refinanced another house both with Robert and I can't say enough good things about him and his office. He's thorough and will make sure that nothing is 'fishy' in the mortgage paperwork. He will also hammer the mortgage company to get things right. His office also does title work so I highly recommend using Robert's office as the title company and the closing agent on a mortgage. Very reasonably priced and excellent at their job. I will go to them, and no one else, for as long as he's in business. Thanks again Robert and crew!
    J. Smith
    “We would definitely choose him all over again.”
    He was very knowledgeable polite and on the phone he kept us informed at all times never did we feel belittled for asking questions. After our case was filed he still made himself available for questions for life situations. if for some reason we found ourselves in a similar situation we would definitely choose him all over again.
    Karen
    “Robert Joseph Warren worked with me from start to finish, eliminated my unsecured debts”
    “Not only did he get my debts discharged, he also became a close business partner and friend.”
    Eddie T.
    “Mr Warren is an exceptional lawyer!”
    We are so appreciative to Mr Warren and his associate Lois with their help in selling our house. Their expertise in legal matters and in handling all situations involved gave us peace of mind! Thank you again for all your help!
    Hector and Debra
    “He is the most personable, competent and most accessible lawyer that my husband and I have ever worked with.”
    Robert was excellent to work with. He is the most personable, competent and most accessible lawyer that my husband and I have ever worked with. Not only did Mr. Warren do the job we asked him to do, he made himself available to answer any questions or concerns we had along the way. His expertise and genuine care for the client is why we will work with him on our next venture. We 100% absolutely recommend him for legal advice.
    Dana Rio
    “He made a tough situation, smooth”
    I had a real estate situation needing legal help. He seemlessly solved the issues and the transition was professional and done quickly. I would go back to him again and again.
    Dawn W.
  • Trusted & Verified
  • The Fund
  • Wealth Counsel