Jacksonville Location (904) 981-8100

Orlando Location (407) 851-4357

Loan Modification Mediation / Chapter 13
September 5, 2013
Did you know that filing chapter 13 bankruptcy with the Orlando/Jacksonville Law Offices of Keith D. Collier can help you obtain a loan modification to save your home?


The chapter 13 bankruptcy court in Orlando/Jacksonville offers a new program called “Loan Modification Mediation.”  The “Loan Modification Mediation” procedure is a process by which you file bankruptcy not to get rid of your home, but to SAVE YOUR HOME.


If you have ever tried to get a regular loan modification on your own, you know that the bank seems to hold all the cards.  You know that the bank asks for the same documentation over and over, and that you can spend months, even years, trying to get answer from the bank.  You feel that you have been wronged, pawned off, or pushed aside and there is no one to voice concern to who has the power to do anything.


In a Loan Modification Mediation through the chapter 13 bankruptcy court with the Law Offices of Keith D. Collier, you will not have that problem.  The chapter 13 loan modification process simplifies the loan modification process.  Most importantly, the chapter 13 loan modification process forces the bank to be accountable for its actions.  In a chapter 13 loan modification, a United States Federal Bankruptcy Judge is assigned to your case to oversee your chapter 13 and the underlying loan modification process.  That way, if the bank fails to respond, loses documents, or takes too long to give you an answer on your loan modification, the Bankruptcy Judge has the power to punish the bank.


What perhaps may be the most important aspect of a chapter 13 loan modification with the Law Offices of Keith D. Collier is that filing the chapter 13 loan modification MOVES YOU TO THE FRONT OF THE LINE.  Due to the high demand for loan modifications this year, most mortgage companies are overwhelmed and understaffed.  Going through the chapter 13 bankruptcy court to reorganize your debt and obtain a loan modification forces the bank to add you to its priority list because of the strict deadlines imposed on it from the Judges.


If and when the bank makes a loan modification offer, it may result in a reduction in monthly payment, a reduction in interest rate, a reduction in principle or even an extension in the term of your loan to make payments more affordable.


Please also be aware that if your property has gone into foreclosure, it is still not too late to take advantage of this program.  The Law Offices of Keith D. Collier may successfully save your house even if you have a foreclosure sale date set.


Do not delay.  Most cases can be filed for $385.00 with the remained of fees to be paid through the chapter 13 bankruptcy plan.  Contact the Law Offices of Keith D. Collier today for a free in-office or phone consultation.