The Law Office of Garrett J. Strahl Jacksonville Foreclosure Attorney

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Mortgage Modification The Law Office of Garrett J. Strahl is experienced in all aspects of mortgage loan modifications. We aggressively represent many clients who need mortgage modifications. We have been able to successfully procure various types of mortgage modifications for our clients including, but not limited to: Lowering the monthly payments Reducing or modifying the interest rate Extending the term of the loan Deferring delinquent money payments onto the end of loan Our Firm conducts a comprehensive consultation with you and assist our clients to demonstrate to lenders that their case is worthy of modification. Furthermore Mr. Strahl and his skilled staff will work with clients on gathering financial documentation so that the most compelling case for modification is presented to the lender. Our Firm also negotiates with lenders and strives to obtain the best possible modification for our clients. The process usually takes between 90-120 days to complete minimum. In addition to mortgage modifications, other negotiated solutions are repayment plans which spread out the past-due amounts over a specified period of time, and forbearance arrangements where lenders agree to reduce monthly payments for a short period of time during a temporary financial hardship. We have also facilitated short sale transactions for clients looking to sell their property. An important part of our approach to mortgage modifications is our ability to vigorously defend a foreclosure action on behalf of our clients while simultaneously seeking a loan modification or short sale approval. This component is extremely important as merely pursing a short sale or loan modification without defending a foreclosure that has been filed could leave a borrower in a compromising predicament.Contact us today so that we can determine the best option for you. Short Sale This is a common method that The Law Office of Garrett J. Strahl uses to help borrowers avoid foreclosure. Banks are willing to take less money than what they are owed to avoid having to go through the foreclosure process, which is expensive to them. Lenders agree to accept a short sale when a borrower is facing some kind of financial difficulty or hardship, or are unable to pay their mortgage for whatever reason. Banks agree to short sales because they do not want to foreclose, and it is their last opportunity they have to recoup what they have lent. Our Law Firm wants you to know that banks are not interested in owning real estate. They make loans and at the end of the day, they are only interested in recouping their investment. They do not want to own your home. They are willing to negotiate a settlement. Proper legal advice is of the essence. There are many benefits to doing a short sale. First: in some cases any balance owed to the bank after a short sale is forgiven.  Our Firm will negotiate towards more desirable terms for our client. Contact us for a free consultation!