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Serving the Okaloosa County
For over 25 Years

Florida Loan Modifications

Hope for Homes Threatened by Foreclosure

Is your home at risk of foreclosure? At Richard S. Johnson & Associates, P.A., we have 25 years of experience in foreclosure defense and we would be glad to help you examine the possibility of a loan modification in lieu of losing your home to foreclosure.

Whether you have invested your life savings in your home, or if you have raised your family there, our Okaloosa County attorney understands the financial and emotional ties that you may have to your home, and the reasons why you may not want to give up your home so easily.

With a wealth of experience in foreclosure defense and Chapter 13 bankruptcy, we have the knowledge, tools, and resources you need to provide you with sound legal advice about your situation.

Is a loan modification right for you?

If you are at risk of losing your home because you have missed your mortgage payments, a loan modification may be a viable option that may allow you to keep your home.

A loan modification is a change or "modification" to one or more terms of your mortgage. A mortgage loan modification can result in:

  • Lowered interest rates
  • Extended payback periods
  • Reduction in principal
  • Extension of the loan's duration
  • Mortgage forbearance program
  • Penalty or late fee reductions

Speak With an Okaloosa County Foreclosure Defense Attorney

Depending on the circumstances of your case, a loan modification, or a Chapter 13 bankruptcy may be able to save your home from foreclosure.

If you are interested in applying for a loan modification, we will help you prepare the required paperwork so you can present the strongest case to your servicer, and we will help you write the hardship letter, which explains how you got into this situation.

We will also determine if you are eligible under the new Making Home Affordable program, which aims to help around 9 million American households who are under water. While participation by servicers is voluntary, the government is offering incentives to lenders who participate.

At Richard S. Johnson & Associates, P.A., our goal is to work with you to ensure that you have represented true and accurate figures to your servicer so they can give you the best option that is available to you.

Contact our foreclosure defense firm to get started – we look forward to helping you!