Does A Loan Modification Prevent Foreclosure?
A Broward homeowner or Palm Beach homeowner can attempt a Loan Modification at any stage of the Foreclosure process. However, Does a Loan Modification Prevent Foreclosure? Until a Loan Modification is finalized, a Bank is able to proceed with their Foreclosure against you. The best time to try and obtain a Loan Modification is in the initial stages of a foreclosure. This will give the homeowner more time to send all their documents to the Bank without worrying if the Bank is going to get a Final Judgment of Foreclosure against you. If there is a Final judgment of Foreclosure and a Foreclosure Sale date has been set, many times a Judge will cancel the Foreclosure Sale to allow the homeowner to keep working with the Bank to try and obtain a Loan Modification. While a Loan Modification does not prevent a Bank from Foreclosing against you, it does provide you a great opportunity to extend the Foreclosure and resolve your Foreclosure matter.
If you are in Foreclosure and are attempting to do a Loan Modification with your Bank or have questions regarding the Foreclosure process, contact the experienced Foreclosure defense attorneys at 954 Foreclosure Attorneys, PLLC today at 954.237.7740. We are available twenty-four hours a day, seven days a week. To better serve our Foreclosure Defense clients, we have offices in both Broward and Palm Beach Counties. Let 954 Foreclosure Defense Attorneys be your Foreclosure defense Attorneys!