US Mortgage Repair and Loan Modification

Absolutely not. When a mortgage company forecloses on a property, they almost invariably lose money. They lose even more if they are forced to take ownership of the property. Because of the mortgage companies as well as the investor's likely losses on foreclosed properties, there are wonderful ways to either avoid going into foreclosure or to get out of it. However, while it may be encouraging to know that their financial interests lie in keeping you out of foreclosure, you should also realize that mortgage companies are some of the largest owners of real estate in the world. This is directly attributable to the sheer number of properties they assume after the foreclosure sale.

Unless the bank has already taken the house back, it is not too late. We may still be able to help you keep your home. We can help, get the advice you need – get started.

Yes, you can negotiate with your mortgage company yourself. Just as some people act as their own accountants or lawyers. Some people are knowledgeable enough about mortgage delinquency that they are comfortable negotiating with their mortgage company. However, for others phrases like "partial claim", "loan modification" and "special forbearance" are intimidating and confusing terms. Most people find dealing with their mortgage company to be a dehumanizing experience as they are shuffled along the assembly line-like process, never sure if the representative they are talking to is truly looking out for their best interests or merely trying to meet their quotas while attempting to keep the call short. Allow our team, with over 18 years of experience, negotiate for you.

Everyone has their own unique situation. Once we get a better understanding of your circumstances, we can better assess the right solution for you. Or call us at 1-866-291-4141. or get started online, for your free consultation.

Predatory Lending applies to any and all aspects of the mortgage industry and refers to the practice whereby a lender gives a borrower a loan that the borrower could never really afford, was not fully apprised of all the costs, fees and ramifications of the loan program and likely to fall into default and subsequent foreclosure. In short predatory lending refers to loans being given to people who should not be getting them. On both federal and state levels, laws require that creditors disclose all terms and costs of loans to borrowers, and when those terms are not disclosed or are inaccurately disclosed these laws provide severe monetary penalties against these creditors. Predatory lending tactics include the classic bait and switch (you're sold on the phone by a smooth talking loan officer who pitches you a great rate. Things move quickly and when you go to sign your loan documents with a notary, that great rate isn't so great anymore), undisclosed fees, or simply providing high cost loans to people who could never afford them.

Once a loan is at least 90 days in days past due lenders will issue a Notice of Default. Shortly thereafter, your lender will retain an attorney, whose fees you will ultimately be held responsible for, to begin the Foreclosure process and commence a lawsuit. Foreclosure laws vary from state to state however, if the foreclosure is not addressed the house will be sold at auction. The time from Notice of Default to Foreclosure varies from state to state, in accordance with local jurisdictional guidelines.

Apply today and consult with one of our legal consultants and home retention specialists about the best possible solution for your individual situation. Or call us at 1-866-291-4141. Our legal team is standing by! Apply Online, its simple!

A short sale occurs when the payoff for the existing mortgage exceeds the appraised value of the house. A borrower must prove that a hardship exists and that the house is not worth the current loan amount. The lender may chose to accept the short sale proceeds as full settlement of the debt. The home's value is determined through bank appraisal. If the outstanding mortgage exceeds the value of the home, the bank risks foreclosing on the property and will likely negotiate a sale at a price below the outstanding debt, and more in accordance with current market value. Please note however, that a short sale is utilized to avoid foreclosure only, there can be no other financial benefit to the seller.