American Residential Law Group
There are many errors and violations made by lenders with regard to mortgage documents. In fact, it is extremely common to find violations that lenders have made in connection with TILA, RESPA and HOEPA laws. Most loans have some violations. If you are behind in your mortgage payments, you may [...]
HAMP Updates
The Obama Home Affordable Modification Program (HAMP) has been helping troubled homeowners with obtaining a mortgage modification or refinancing their home. As of June 1, 2010, loan servicers may not foreclose until a borrower has been evaluated for HAMP and it has been determined that they are ineligible under the program. Borrowers who [...]
Before you give the keys to your home back to your lender, you may want to consult with a real estate foreclosure defense attorney. Real estate foreclosure defense attorneys have been successfully helping millions of homeowners save their homes from foreclosure by negotiating mortgage modifications, short sales, deeds in lieu, forbearances and finding other solutions [...]
No matter what situation you can think up, it almost always comes down to the eternal conflict of time versus money. Do you want to spend your own time doing something, and spend less money, or would you like to spend more money to have someone else do most of the work for you? Another [...]
Why Use an Attorney to Negotiate A Mortgage Modification?
The answer is simple. The attorney is skilled and experienced at negotiating a home loan modification. Also, the attorney can review your mortgage documents by preparing a forensic loan audit to determine if the lender committed any predatory loan practices at the time they made your loan [...]
A loan modification attorney can be of great assistance if you need to obtain a home loan modification. An attorney that specializes in loan modifications will be able to expedite your loan modification application and negotiate with your lender. You could try and do it on your own, but unless you know the process [...]
There are many lender loan modification programs out there today. That is why hiring an attorney is a smart thing to do. Your attorney can help you sift through all the information and find the best options for you to save your home form foreclosure now. The attorney can also help you stop foreclosure while [...]
While there are many legitimate companies offering loan modification services, there are also a group of unscrupulous individuals and companies that may want to take advantage of a distressed homeowner’s situation. Thousands of homeowners have been victims of mortgage modification scams. These persons are not law firms or attorneys even if they try and make [...]
New RESPA laws (Real Estate Settlement Procedures Act) regarding Good Faith Estimates went into effect January 1, 2010. Residential lenders and mortgage brokers must now use a new standardized Good Faith Estimate form (GFE) that clearly discloses the terms of your loan and closing costs.
Settlement/title agents must also now use a new statement that mirrors [...]
A loan modification is modification to your existing mortgage that reduces the interest rate and/or extends your loan term making your monthly mortgage payments more affordable. The arrearage is tacked on to the back end of your loan or sometimes the lender will forgive the arrearage amount.
Homeowners who qualify for government’s The Home Affordable Mortgage [...]
