New Mortgage Modification Practices are Helping Homeowners Stay Above Water

Share Article

The Law Offices of Brooks, Frank & De La Guardia focuses on new modification strategies implimented by Fannie Mae and Freddie Mac that are helping people protect their homes from foreclosure.

Law Office of Brooks, Frank & De La Guardia

Our services are geared towards helping people keep their home through a variety of means.

Mortgage modification through a Chapter 13 Bankruptcy is one of the most valuable services offered by the attorneys at the Law Offices of Brooks, Frank & De La Guardia. However, it takes a skilled litigator to reach a settlement that all parties can agree to. In order to better serve their clients during the mortgage modification process, the attorneys at the Law Office of Brooks, Frank & De La Guardia can help make the process quick and easy.

Michael Frank, a partner at the Law Office of Brooks, Frank & De La Guardia explained how hiring a bankruptcy attorney with experience can go a long way in avoiding a foreclosure.

“Our services are geared towards helping people keep their home through a variety of means,” Frank said. “We don’t want our clients up all night worrying that they could be homeless in no time at all.”

Mortgage modification grew in popularity following the housing crisis and financial collapse a few years ago because thousands of people were desperate for a way to restructure their mortgage in order to make all of the monthly payments. The Federal Bankruptcy Courts supervision, through their Chapter 13 Trustee's, make the process more serious and the success rate of these modifications is soaring.

“Our skilled attorneys understand that the best way to modify a loan is through reduction of the interest rate, principle and late fees,” Frank explained. “Lengthening the loan term and capping the monthly payment to reflect a percentage of the homeowner’s income are also viable strategies when it comes to mortgage modification.”

With so many people looking for loan modification services in Miami where the housing market was hit particularly hard, Michael Frank and his associates urge people to keep an eye out for growing numbers of modification scams.

“Many of these scams offer protection against foreclosure and they appear legitimate, but in the end your house will be gone and your debt will be even greater,” Frank said. “The best option is getting help from a licensed bankruptcy attorney who won’t leave you high and dry.”

About the Law Offices of Brooks, Frank & De La Guardia:

The Law Offices of Brooks, Frank & De La Guardia concentrates on federal bankruptcy law. Founded in 1982 by Michael Frank, the firm is highly dedicated to helping the people of Miami find viable solutions to all of their tax, foreclosure and bankruptcy problems. With a team of specially trained attorneys, the Law Offices of Brooks, Frank & De La Guardia is your best chance at beating a foreclosure and getting your life back on track.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Visit website