Loan Renegotiations

If you find that you can no longer meet the payment terms of your mortgage, then a loan modification, also known as a loan workout, may be the solution.

One of the items your lender will ask for during the loan workout or loan modification process is a hardship letter.

A written explanation as to what caused or is causing you to fall behind on your mortgage, is vital in helping you achieve a loan workout. This letter acts much like an outline or biography of your current life issues that are affecting your ability to meet your financial obligations.


Examples of hardships that lenders consider during the loan workout process include:

  • Adjustable Rate Mortgage Reset & Payment Shock
  • Illness
  • Loss of Job
  • Reduced Income
  • Failed Business
  • Job Relocation
  • Death of Spouse or Co-Borrower
  • Incarceration
  • Divorce
  • Marital Separation
  • Military Duty
  • Medical Bills
  • Damage to Property (natural disaster or unnatural)

We are experienced with the laws that lenders, brokers, loan officers, escrow officers, title companies, appraisers and notary public must follow. We can help you navigate through those laws to achieve your loan modification. Call us, or fill out our online contact form, to begin the loan modification process today!

Need a South Florida Business Transaction Attorney? 1-888-828-9009 or 954-320-6940

If you need the assistance of a South Florida Business Transaction Attorney, please call us at 954-320-6940 or toll free at 888-828-9009 for a free, confidential consultation and for legal guidance.



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