LOAN MODIFICATION Loan Modification      If you are facing foreclosure, there is a process called foreclosure defense mortgage modification which may   help you keep your property. One of the key steps in this process is called loan modification, which can  ease the strain of payment and prevent the foreclosure. Advocate Law Groups of Florida (ALOGF) can  help individuals and families seeking mortgage modification or foreclosure defense. ALGOF has   help people obtain mortgage loan modifications in states across the U.S., and our mortgage loan  modification professionals have helped many people just like you protect their assets.  Understanding Mortgage Modification When you are threatened by foreclosure, it can be difficult to imagine a way out. With the  bank bearing down, it may seem like you have no options. Yet with the help of a good attorney,  you can obtain a mortgage modification, giving you the chance to get out of debt, pay your  mortgage, and keep your home. Mortgage modification is an important part of any foreclosure defense procedure, and if  successful it will let you keep your home.  How Mortgage Loan Modification Can Help You There are three ways in which a mortgage loan modification can ease the burden of mortgage payments. The terms will change  no matter which mortgage modification is chosen, and it is possible to combine the three. The first mortgage loan modification  possibility is a flat reduction in the balance. This flat reduction is a loan modification that adjusts how much you owe. The  lender simply agrees to cut down the money you owe, making your payments easier.  A mortgage loan modification may also take the form of reduced interest. Although you would still owe the same amount to  repay the loan, this type of mortgage loan modification ensures that you will pay less because you will pay less interest. This  method of loan modification allows you to see a significant reduction in monthly payments, making it much easier to meet  your monthly requirements.  Finally, a mortgage modification may involve an extension of the payment term. This mortgage modification gives you  more  time to pay, which reduces your monthly payment even though you do not receive any reduction in total money owed.  However, a mortgage loan modification that extends your time to pay can mean the difference between keeping your home and  losing it.  The Importance of Loan Modification As the financial crisis continues to hit home-owners across the country, foreclosure rates are continually rising. They have hit  an all time high, but some analysts project that the worst is yet to come. Sadly, homeowners who bought a house during this  time are now finding themselves threatened with eviction. Many are seeing the biggest investment they ever made become the  biggest burden they could imagine. Few understand that talking to the bank about mortgage loan modification can be a great  option. Many banks would prefer mortgage modification to an expensive and time-intensive foreclosure. If they take your  home, the bank does not automatically receive the premium on the loan – they actually want you to be able to repay them. That  is why mortgage loan modification can be so successful. Why Working with Real Estate Attorneys Is Important When seeking mortgage loan modification, be aware that a licensed attorney has the proper knowledge and leverage to  negotiate your case with the greatest chance of success. You will see many advertisements claiming a company can stop your  foreclosure, and offering to negotiate with banks on your behalf for mortgage modification. But, most of these companies are  not attorneys, and they do not receive the attention from banks a licensed legal professional does. Before you agree to anything  with such a company, ensure that company can represent you in seeking mortgage loan modification, and which means they  must be a  licensed attorney. Advocate Law Groups of Florida Can Help If you and your family are threatened with foreclosure, our experienced real estate/foreclosure defense attorneys may be able  to help you obtain a favorable mortgage loan modification. There are many options we can help you achieve beyond mortgage  modification if that is not a good option. We can help reduce your interest rate, extend the term of your mortgage, reduce the  principal you owe, help you provide a deed to the bank to avoid foreclosure, or assist with a short sale. We always charge a  reasonable fee for mortgage modification and foreclosure defense  assistance, which depends upon the number of mortgages  on your home. Once the fee has been determined, we will help you split it into low monthly payments, ensuring that you can  get the loan modification assistance you require without an increased strain on your finances. Start the process of mortgage  modification which may save your home. Contact us today at 800-737-6409.  2009-2011 Copyright, mrcardozo.com Web Administrator Main Office: 37 NORTH ORANGE AVENUE #500 ORLANDO, FL 32180. Servicing All of Florida with offices in South Florida, Naples/Forth Myers, Tampa, and Orlando and coming soon Jacksonville.  We also represent, in Florida, clients from throughout the Continental United States, Puerto Rico and Canada, as well as maintaining working relationships with Lawyers from each of the foregoing to which we make referrals as necessary.