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 We
Can Help You Avoid Foreclosure:
Many homeowners are facing the challenges presented by our
country’s economic downturn and the corresponding depreciation of home values.
Home loans that once fulfilled the American dream are now a burden of
unfavorable terms and payments. Fortunately, as a homeowner you have the
following solutions at your disposal:
Consultation and Legal Representation: You
have a number of options and a consultation with our office will educate you
about programs that can help you renegotiate the terms of your mortgage loan. We
understand the legal aspects of loan modification and loss mitigation. The
current state of the mortgage industry is forcing banks to work with you.
However, the banks are not kind, and will not give you a penny more than they
have to. Our office has the experience and legal understanding to make sure you
are given a fair deal based on your current loan terms and your current
financial situation.
Loan Modification/Loss Mitigation: Loan
modification is a process in which banks renegotiate the terms of your existing
mortgage loan in order to allow you to continue making payments at a level you
can afford. A successful loan modification will stop foreclosures, reduce your
interest rate, reduce principal balances (although this is very rare), lower
your monthly payments and reinstate the loan as current and in good standing,
allowing you to keep your home and get a fresh start.
Forensic Loan Audits: Many home loan
contracts contain violations of state and federal law. According to TILA (the
Truth in Lending Act), the smallest failure on the lenders behalf to honestly
and/or fully disclose the terms of your loan agreement could void the terms of
the contract. Our office will audit the contract you signed with the bank and
expose every violation of TILA, including errors and omissions as well as fraud
and predatory lending practices. If TILA violations are found, the bank may not
be able to foreclose your home and you may have rights to take legal action
against the bank.
Short Sales: A short sale may be appropriate
where modification, refinance and forensic audit remedies are not available to
you. Generally, a person elects this remedy when the amount owed to the bank
exceeds the value of the property. A short sale is an agreement with the bank
to sell the property at an amount that falls short of the existing loan balance.
The proceeds of the sale are paid to the lender with an agreement that satisfies
the terms of your loan, freeing you from the obligations of your existing
mortgage. The process stops foreclosure and protects your credit allowing for
new start.
Deed in Lieu of Foreclosure: A Deed in Lieu
of Foreclosure agreement is another option to assist you with delinquent
mortgages while stopping foreclosure proceedings. Under this remedy, you would
transfer ownership of the property directly to the lender. All your past due
payments and the balance of the loan will be discharged. You will not get to
keep your home but you will get out from under a bad loan, protect your credit
and get a fresh start.
Our office provides consultation and legal representation
to homeowners struggling to meet the demands of their current mortgage. We are
experts in loan modification and loss mitigation and will help you find a
solution to the financial challenges you face under your current loan agreement.
We help homeowner’s renegotiate the terms of their mortgage providing manageable
monthly payments and a fresh start with your lender. Your initial consultation
is free. Help us save your home and/or protect your credit and assets. Contact us
at one of our offices
conveniently located throughout Southern California.
The following is an
example of the type of modification we may be able to obtain for you.
However, each situation is unique and results may vary.
Wells Fargo Loan Mod.
**** This communication is an “Advertisement”
as defined by the California Rules of Professional Conduct and California
Business and Professions Code. No communication herein shall create an
attorney-client relationship unless a separate retainer agreement is signed by
an attorney and client. This material is for informational purposes only and not
intended to provide legal counsel.
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