2013 Streamlined Loan Modification Program Frequently Asked Questions:

The Federal Housing Finance Agency announced plans for a New Streamlined Modification Initiative that is to take effect on July 1, 2013 and set to expire August 1, 2015.

This new program will eliminate hardship and financial paperwork and time to review those files while qualified borrowers only need to make three payments in a row on time to have the mortgage permanently modified.

What is the Streamlined Modification Initiative?

The new Streamlined Modification Initiative is designed with the purpose of helping to assist more borrowers and homeowners who have mortgages which are either owned or guaranteed by Fannie Mae or Freddie Mac to maintain their homeownership. With its foundation rooted within lessons learned from the Servicing Alignment Initiative (SAI), a strong effort is made to help encourage borrowers to reach out and engage with their mortgage servicers in order to obtain a successful modification solution.

Under the new initiative, borrowers who are at least 90 days delinquent will be sent a Streamlined Modification Solicitation Offer that will include a Trial Period Plan which specifies the dollar amount of the newly adjusted proposed mortgage payment. This figure is based upon a fixed interest rate and extends the payment terms to 40 years while also providing principal forbearance for certain homeowners who have properties that are worth less than they owe (or underwater). 

And to speed up the entire process, the financial and hardship paperwork will not be required of borrowers in order to receive the modification. This also eliminates the need for that paperwork to be reviewed, and the time it once took for that process to complete.

Our Tampa loan modification attorneys can help play a key role in the process by helping negotiate the terms for you and may even be able to help you discover ways to help your case even further, while also making sure the lender isn't cutting any corners on their end of the deal as well.

General information about personal injury and compensation

General Information about Personal Injury and Compensation:

It is difficult to determine whether or not you have suffered from a personal injury unless you have some kind of an idea what personal injury is about. Whether you've suffered directly from a personal injury or you're seeking information or acting on behalf of another individual, understanding the different types of personal injury and your options for remedy and potential compensation will help you better prepare for or defend against a potential lawsuit.

Personal injury can occur in a number of different ways but typically involves either psychological or physical injury, illness or disease. In order for it to be personal injury, these injuries typically occur as a direct result of another individual, business or entity acting in a negligent or irresponsible manner. Property damages, monetary losses, negative health, and even death can occur in worst cases.

Many circumstances lead to personal injury. Medical malpractice can result in disabilities and ailments. Auto accidents and defective products can cause injury, illness or death. Many crimes result in psychological and physical damages.

There are certain things one must consider if you know someone or are suffering yourself from personal injury. One of the first steps to take would be to file a complaint against the organization, entity or person directly responsible for the injuries incurred. Having a personal injury attorney involved in your case will help you get proper compensation and ensure your rights are being preserved and protected.

There are two main types of compensation which a victim can receive if they've sustained a personal injury, and there is absolutely nothing wrong with claiming compensation when you've suffered a loss. Payment for pain and suffering or the loss of wages and future earnings typically fall under general damages. But there are also special damages which can be granted. These would include medical expenses such as hospital bills, travel costs to the hospital, loss of property, belongings, damages and etc.

In some cases, the case might not even need to go to trial. Representation from an experienced personal injury attorney will ensure that you or the victim will receive proper and just compensation and the attorney will also provide plenty of additional legal assistance throughout the claim process, and if the claim should end up in court, your attorney will be right there ready to represent you.

At Fernandez Law Group, you are choosing an experienced Tampa personal injury lawyer with an in-depth understanding of exactly how to get you the compensation you deserve. If you have experienced loss due to a serious injury in the State of Florida, contact Fernandez Law Group to speak with a knowledgeable Tampa personal injury attorney today.

Call us today at 813-489-3222 for a FREE consultation.

http://www.thefernandezlawgroup.com/personal-injury/general-information-about-personal-injury-and-compensation.html