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Florida Loan Forbearance Attorney

Florida Loan Forbearance Attorney

Experienced Florida Forbearance Attorney

Having Trouble Making Mortgage Payments? Learn About Loan Forbearance.

What is loan forbearance? Loan forbearance is when your lender agrees to let you temporarily pause your mortgage payments or make reduced monthly payments because of financial hardship. Mortgage forbearance can allow homeowners time to improve their financial situation without the pressure of large monthly house payments. Depending upon your unique circumstances and whether you can prove to your lender that you are in financial hardship, loan forbearance may be an option for you to avoid missing payments and having your home foreclosed on.

If your hardship situation is directly or indirectly related to the COVID-19 pandemic, you may still qualify for forbearance under the federal Coronavirus Aid, Relief and Economic Security Act, or CARES Act. However, forbearance does not relieve you of the obligation to pay your mortgage. Once the forbearance period ends, you will be required to pay back the payments you missed.

If you are in danger of missing mortgage payments and wish to learn whether you qualify for forbearance, or if you are already in forbearance and it is ending but your financial circumstances have not improved, reach out to Florida real estate attorney Carlos M. Amor. He can counsel you about the potential options you may have to help you pay your mortgage and avoid foreclosure on your home.

Call our Plantation law firm today at (954) 453-7200 to arrange a free initial consultation. For our clients’ convenience, Attorney Amor offers free consults, by phone, via video meeting or in person.

Why Choose Our Florida Loan Forbearance Attorney?

Carlos M. Amor Provides Solutions for Homeowners in Financial Distress

Carlos M. Amor is a knowledgeable real estate and mortgage foreclosure attorney who has practiced law in Florida for 15 years. He has helped many homeowners get the most successful solution for their situation when they are having trouble making monthly mortgage payments. Attorney Amor . . .

  • Is highly recognized by his peers in the Florida legal community, for his ethical standards, legal knowledge and communication skills
  • Is passionate about helping people who are undergoing financial hardship but want to keep their home
  • Is a Miami native who has lived and worked in Florida his entire life and has a deep commitment to the state and its citizens
  • Provides free consultations over the phone, in person, or via video, whatever method is most convenient for clients.

When you choose Florida loan forbearance attorney Carlos M. Amor to help you resolve your mortgage payment difficulties, you can trust that he will treat you with dignity and respect as he works to provide a strategic and tailored solution for your unique situation.

Providing Well-Informed Guidance for Difficult Problems

How Our Florida Loan Forbearance Lawyer Helps Homeowners

When you are in danger of missing mortgage payments, Carlos M. Amor can help you understand whether you may qualify for forbearance and whether it is the best solution for your circumstances. He can help you identify the documentation you will need to show hardship and work to negotiate fair terms with your lender.

If your forbearance is ending and you are worried about how you will start making regular payments again and pay off the missed mortgage debt, depending upon your individual situation attorney Carlos M. Amor may be able to help you . . .

  • Get an extension of your mortgage forbearance
  • Defer forbearance payments until the end of the mortgage term, i.e., when you sell your home, refinance with another lender or pay off your mortgage loan
  • Pursue a loan modification with your lender that reduces your interest rate, length of your loan or other terms to make payments more affordable.

How Will I Know What to Do When Forbearance Ends?

When your mortgage forbearance period is close to ending, your lender should contact you about paying back the missed or reduced payments. Most lenders will not require a lump-sum payment of all the payments missed during the forbearance period, but rather will allow the money to be paid back over time through a scheduled repayment plan. If your loan is federally backed, you will not be expected to pay in a lump sum as these lenders cannot require it. Non-federally backed lenders may, however.

If your forbearance is ending and your lender has contacted you about making a lump-sum payment or is not providing repayment terms for paying over time that fit your budget, do not hesitate to contact Florida loan forbearance lawyer Carlos M. Amor for legal advice.

Call us at (954) 453-7200 to arrange a consultation. Attorney Carlos M. Amor offers free consults, by phone, via video meeting, or in person.

What Qualifies for Mortgage Forbearance?

Generally, to qualify for mortgage forbearance you will need to prove to your lender that you are in a financial hardship situation. According to the Consumer Financial Protection Bureau, if your hardship is directly or indirectly due to the COVID-19 pandemic and you have a federally backed mortgage, you may qualify for forbearance under the CARES Act. Federally backed mortgage loans include:

  • HUD/FHA
  • VA
  • USDA
  • Fannie Mae
  • Freddie Mac.

For HUD/FHA, VA and USDA backed loans, homeowners can request initial mortgage forbearance as long as the COVID-19 National Emergency is in place, which is currently through the end of February 2023 unless the government ends it earlier or extends it. For Fannie Mae and Freddie Mac loans, there is no deadline.

Contact a Diligent Forbearance Attorney in Florida

Reach Out to Carlos M. Amor for Trustworthy Advice

Whether you are experiencing financial hardship and wish to enter into mortgage forbearance with your lender or your forbearance period is ending and you are not sure how you will make your regular mortgage payments as well as pay back the payments that were paused or reduced, our experienced forbearance attorney in Florida, Carlos M. Amor, may be able to help you. Once he understands your unique financial and mortgage situation, he will explain the potential solutions that may be available to you.

Call us at (954) 453-7200 to schedule a time to speak with a knowledgeable Florida loan forbearance attorney.  For our clients’ convenience, Attorney Amor offers free consults, by phone, via video meeting, or in person.

Client Testimonial

“I have used Carlos for the last 5 or so years. He has helped me achieve 2 settlements with banks I sued, retain property out of foreclosure for good. I have used him to quiet title, evictions, getting escrow money back on deals that went bad, sending letters to people, foreclosure defense and litigation, and other real estate matter requiring a lawyer like probate cases. He is usually easy to reach on his cell, and responds quickly. He is not a rip off like most lawyers down here who charge you for paper clips and don’t know what they are talking about. I would recommend giving him a try , especially if you are using one of these rip off lawyers we have so many of in south florida.” – Buy Wholesale (Google Review)

Testimonials

Lori P.

I've consulted with Carlos on several different legal matters throughout the years. He listened and answered all my questions.

Lori Peterson

Luis A.

Carlos Amor as a lawyer is one of the best in Florida, I have to deal in my daily basis with lawyers and Carlos Amor is always prompt to help.

Luis Albarracin

Richard S.

Carlos went above and beyond to help me and my family. For the last 3 years he has represented me in my foreclosure case.

Richard Shaw

Mario S.

The first foreclosure case was filed against me and my family’s home in 2008 and had been dismissed-refiled two times since then

Mario S.

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