A Bankruptcy Lawyer can Help You Modify Your Mortgage Under the New LMM Program

At its most basic, a mortgage modification is when the original terms of a mortgage are changed. The most common changes to a mortgage usually revolve around adjusting the monthly payment amount, the interest rate or the outstanding principle. Since the most recent housing market crisis, many people have gone through a mortgage modification to avoid losing their home to foreclosure. When it comes to modifying your mortgage to avoid a foreclosure, it is crucial that you get help from experienced bankruptcy lawyers like those at Brodzki Jacobs & Associates to ensure that everything goes smoothly. A knowledgeable bankruptcy attorney can help you navigate the often confusing world of home loans and mortgage modifications and will do everything possible to ensure your modification works out for the best.

One of the biggest problems in the world of mortgage modification is the lack of cooperation from the mortgage companies.  With the new LMM process, mortgage modification through bankruptcy becomes a simple way to achieve the modification.  The program was introduced in the Middle District of Florida approximately three years ago.  They have an 86% modification success rate.  Although the program just started in April in the Southern District of Florida, it looks extremely promising.  100% of our firms’ applications have been approved for modifications to date.

When it comes to getting sound advice when modifying a mortgage, there’s no one better than the experienced attorneys at Brodzki Jacobs & Associates. Whether you are looking for help with a simple modification or you are in danger of losing your home to foreclosure, give Brodzki Jacobs & Associates a call right now for a consultation. Having the right representation can make all the difference in the world, so get the right lawyers on your side as soon as you can.

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