Historically, home foreclosures have not been uncommon in south Florida. In 2019, for example, there were 16,583 foreclosure filings in Broward, Palm Beach, and Miami-Dade counties. The region had the 16th-highest foreclosure rate in the nation that year. Today, if you are a lender who needs legal advice regarding a foreclosure, the Fort Lauderdale law firm of Marc Brown, P.A. can help.
Lenders must ensure their assets are protected, but foreclosure is not always the best option when mortgage payments haven’t been made. When the parties on both sides of a mortgage can agree on a loan modification, everyone benefits. However, it is not always easy to develop mutually agreeable terms and conditions that satisfy everyone who is involved in a loan modification.
If you would like to arrange a loan modification for a tenant or resident, or if you’re about to initiate a foreclosure action, contact Fort Lauderdale loan modification attorney Marc Brown for the quality legal assistance you need.
How Can You Modify an Existing Loan?
A loan modification allows a resident to remain in the home. It is a legally binding change to one or more conditions of a loan’s repayment. A home loan can be modified to:
● Lower the interest rate on the loan
● Extend the mortgage term
● Reduce the principle
In whatever way you need to modify the terms of a home loan, it’s best to do it with an attorney’s advice and guidance. Attorney Marc Brown will scrutinize the details and ensure that the modification satisfies everyone who is involved.
Choose the Law Firm of Marc Brown, P.A. to Manage Your Foreclosure or Loan Modification
At the law firm of Marc Brown, P.A., our legal team takes a meticulous approach to assemble and preparing all of the documentation necessary for a foreclosure or a loan modification. With more than a decade of success and a strong reputation for legal excellence, Estate Planning Attorney in Fort Lauderdale Marc Brown is trusted by banks and other lenders throughout the south Florida region.
Our law firm handles all matters related to securing, recovering, and realizing returns on commercial, retail, and residential real estate, including but not limited to:
- Residential and commercial foreclosure actions
- A short sale or a deed-in-lieu of foreclosure
- Loan modifications and loan workouts
- Deficiency judgment actions
- Title defect resolution through our affiliated full-service title company
Contact Marc Brown, P.A. About Your Loan Modification or Foreclosure Options
If you are a lender who is seeking legal advice regarding one or more of your south Florida properties, call the law firm of Marc Brown, P.A. today. We know the mortgage industry, and we can provide the sound legal advice and reliable legal services you need. We routinely handle mortgage modifications and foreclosures for lenders throughout the Fort Lauderdale area.
The law firm of Marc Brown, P.A. maintains the highest professional standards; provides quality legal services at a reasonable cost; and works with all parties involved to find the best possible solutions. We have more than a decade of experience working with lenders in south Florida.
We offer a free, no-obligation first legal consultation to lenders who have questions regarding foreclosures and loan modifications. Schedule that consultation now by calling our Fort Lauderdale law offices at 954-566-5678, and take advantage of the opportunity to learn more about foreclosures, loan modifications, and your other options.