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Your second mortgage in Florida may also be referred to a second lien, a junior lien holder or subordinate or inferior lien.  If you mortgage was permanently modified  and you have second mortgage on your property, that second mortgage may also be eligible for a principal reduction or modification under the Second Lien Modification, or in some cases even ‘wiped out’.   However, your lender must also participate in the Second Lien Modification Program and you MUST be current on your first mortgage modification.  Please seek legal advice to determine with your lender is one of these participants.

Call CMO Law Group to schedule a courtesy 15 minute consultation at 954-533-5190.


HAMP – not your only option! If your home is worth less than what you owe, you may be eligible for a Principal Reduction Alternative (PRA).  To be eligible for PRA, a home owner must be delinquent or foresees a potential delinquency, the home must be borrower occupied and the mortgage payment must exceed 31% of the home owner’s gross monthly income.  If you qualify, the principal balance on your home will be reduced to the home’s current market value.  A HAMP, ‘in-house’ or traditional modification will modify the interest rate and terms of the original mortgage, but will not reduce your principal balance even though your home is under water.  Therefore, before you submit a PRA request to your lender, CMO Law Group encourages that you seek legal advice from an attorney well versed in this area!

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Lawyers Have Heart – American Heart Association’s 5k Run

America in taking a stand against heart disease and helping save lives!

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