Stopping Foreclosure With A Loan Modification Attorney

Stopping foreclosure may be easier than you think if you hire an Attorney rather than go it alone or pay a stop foreclosure or Loan Modification Company. These companies can offer you no more than the lender has already, a forbearance agreement you can't afford. A stop foreclosure or loss mitigation company does not have the tools necessary to negotiate with your lender and facilitate a favorable solution. If a stop foreclosure Attorney uses TILA or RESPA violations to force the mortgage company to modify the terms of your existing mortgage and save your home from foreclosure you will get a much better result. If an Attorney audits your loan documents and finds TILA violations they can threaten a law suit and the lender may be forced to rescind the loan. This means you would be entitled to ALL your money back that you paid to originate the loan and ALL interest paid through the loan. This is not what the lender wants as it places you in the driver's seat leaving them no choice but to modify your loan and forgive a portion of the loan balance of face a federal law suit. TILA violations are taken seriously and the lender can be forced to unwind the loan!

A Law Office that specializes in stopping foreclosure with a loan modification is much different than an Attorney based or Attorney assisted Loan Modification Company. If you use loss mitigation company to stop foreclosure you will get nothing more than the bank has offered you already and you may lose your home before you know it. If a loan modification company tells you they can freeze your loan and to pay them and not your lender you should call an Attorney. There are several loan modification and stop foreclosure scams out there as ex loan officers are doing what ever they can to convince home owners they can modify their loan and stop foreclosure. If you are struggling with your mortgage payments and facing foreclosure get legal help and hire an Attorney that specializes in negotiating with lenders and loan servicers. A loan modification can save your home and get you payments you can afford long term by getting the lender to lower the interest rate, principal balance, or both. Most loan modifications directly from your lender are short term solutions to get the loan to perform so they can sell it and turn a profit. A Lawyer can negotiate a new 30 year fixed loan at a reduced interest rate with your lender and offer you a long term solution to save your home from foreclosure.

We have helped stop foreclosure simply by calling the lender and asking for an extension to negotiate a loan modification to stop the foreclosure process. If the lender sees you are represented by an Attorney they take you seriously. If you are in a bad mortgage or faced with a hardship, seek a qualified Attorney who can get you out of trouble. If you do not want the home any longer a loan modification may change your mind if an Attorney can get the lender to significantly reduce payments or principal balance making the mortgage payments affordable. If you have tried to sell your home but owe more than it's worth a short sale or deed in lieu may be the answer. An Attorney can make sure the lender does not come after you for a deficiency judgment down the road. In addition, all documents you receive from your lender advise you to consult an Attorney before signing.