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Many homeowners have little or no equity or even negative equity and owe more than their homes are worth today. If this is your situation, you may be eligible for a loan modification. The Washington Law Firm specializes in assisting Debtors with modifying their mortgage through the Mortgage Modification Mediation Program within a Chapter 13 bankruptcy.
The Mortgage Modification Mediation Program within the Middle District of Florida Bankruptcy Court has had incredible success obtaining mortgage modifications for Chapter 13 bankruptcy homeowners. The mediation program requires the mortgage company to participate in good faith in the mediation and modification process. This has resulted in mortgage modifications which lower payments by reducing the interest rate and in some cases reducing or forgiving the principal.
If 31% of your gross income is lower than your mortgage payment including escrow and any association fees you may qualify for the Making Homes Affordable Program or a traditional modification. Every mortgage modification is different and it is important to know if your mortgage is backed by the government or a private investor.
If you are having trouble making your mortgage payments and you want to try and save your home by Program modifying your mortgage and contact The Washington Law Firm today at 407-982-4130 to discuss the Chapter 13 Bankruptcy Mortgage Modification Mediation Program as an option to save your home and break the chains of debt.
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