1.45 percent of U.S. housing units (one in 69) had at least one foreclosure filing during 2011. On average it took over 300 days to complete the foreclosure process, up from the previous two years. This was mainly due to when lenders began to re-evaluate foreclosure procedures in earnest as the result of the so-called robo-signing controversy.Request Help
A loan modification is when your mortgage note is modified with out actually refinancing. Millions of homeowners do not qualify for a refinance and turn to loan modifiction in order to reduce mortgage payments, rate and possible avoid foreclosure. Not everyone qualifies for a mortgage modification. Hiring a qualified attorney to help you with the process may improve your chances and assure you are not given the run around by your lender.Qualify Now
Legal options exist for homeowners struggling to make mortgage payments. Too many times homeowners contact their lender only to hear there is no solution for their problem. Lenders run a business and every action they take is in the best interest of their business. Having a qualified attorney on your side will assure you are not fighting your lender alone. They have hundreds of attorneys working on foreclosures, do you have one?Click Here
A loan modification may allow a homeowner to reduce monthly mortgage payments, rate and restructure late mortgage payments. Many times a homeowners dealing with large amounts of negative home equity may be able to qualify for a principal reduction. Every situation is different and you should consult with an expert first
Scammers deceive homeowners into signing over the deed to their home and tell them they will be able to remain in the house as a renter and eventually buy it back. Usually, the terms of this scheme are so demanding that the buy-back becomes impossible. Therefore, the homeowner gets evicted, and the "rescuer" walks off with most or all of the equity.
Several legal options exist for distressed homeowners. The option best for you depends on your situation and goals. Below are possible solutions to preventing foreclosure and reducing your mortgage payment.