Loan modifications--for small Florida landlords?

I believe that there is always a possiblity depending on the situation that a loan workout can be accomplish although income propertys are tough. Because of the hours that are invested by the company that does the work the amount that they have to charge is beyond the ability to pay for many of these type of homeowners. Hope that helps.

I would check out www.ArrowLoanModifications.com.  They helped me, and they were absolutely amazing!  They do not charge an arm and a leg, and they kept me informed the entire time.  They also did have a money back guarantee.

Thank you. Actually I am not behind, I am regular with my payment. I just have lost my job and the opportunity I am getting that is with reduced pay cut. And I bought propery in 2005 and now cost of property is almost 100 K reduced. In this scenario I was trying to figure out if there is way that I can modify my loan.

Thank you. Actually I am not behind, I am regular with my payment. I just have lost my job and the opportunity I am getting that is with reduced pay cut. And I bought propery in 2005 and now cost of property is almost 100 K reduced. In this scenario I was trying to figure out if there is way that I can modify my loan.

Thank you. Actually I am not behind, I am regular with my payment. I just have lost my job and the opportunity I am getting that is with reduced pay cut. And I bought propery in 2005 and now cost of property is almost 100 K reduced. In this scenario I was trying to figure out if there is way that I can modify my loan.

Holy cow. The answer is finally - YES. The approach you must take is the legal "bat" approach instead of relying on banks doing the "right" thing.  The days of the "vanilla" loan mod are or will soon be over. 

To get a backdrop google "marcy kaptur, bill moyers interview"  You will see a 14 term Congresswoman and the most  senior  woman in Congress tell you what is really going on. Once you digest this and pick yourself up off the floor you will see the futility of trying to get lenders to have any empathy for "hardship" , NPV (net present value), the financial argument and all the common sense reasons to modify.

I speak not only as an investor with over 60 units, and a developer who had a $3mil bus. wiped out literally overnight by Hurricane Katrina, but also as a guy in the trenches every day working with homeowners as investors.

In addition, I'm personally rescinding 5 mortgages for lender fraud and going to the SEC w/ the evidence soon.

So, the answer is yes but you have to use the legal "bat" to get their attention. I can share more and will gladly send you a webinar you can watch to decide for yourself if it's for you. 

After you digest, that banks are defrauding us on a daily basis, most everyone that qualifies becomes a client because our approach guarantees not only the rate/ term adjustment but 10% minimum balance reduction (avg is 25-35%).

No one I know of can guarantee a balance reduction and it's very uncommon unless you back them into a corner and face damage charges, possible recission of the loan, etc.

Contact me and I'll send the webinar, no risk, no obligation.. 

Also, get educated, and google "where's the note"

hope that helps