3 Reasons You Should Speak to a Loan Modification Attorney

Save Your Home From Foreclosure!

Did you ever consider that perhaps you should speak to a loan modification attorney? That very same thought has occurred to lots of homeowners falling behind on mortgage payments. Some have actually tried it successfully. Some never did anything and lost their homes to foreclosure.

Wait a second and let's slow down a bit let's explore that a little. Here are 3 reasons why you should get in touch with a loan modification attorney, for you to consider.

First off, in its favor, allow me to point out that having a legal professional deal with your lender to negotiate changes to make your mortgage more affordable can save your property from going into foreclosure. Sure, I recognize the objection that if you cannot pay your mortgage on time how can you afford to pay an attorney to help reduce your payments? That really sounds like a dilemma, however it will actually save your home, your credit rating and more money in the future.

Secondly, you truly should consider that a loan modification attorney knows the laws and will be using their knowledge and experience to make the lender modify your loan. And, in addition to that, your lawyer will examine your original loan documents with a fine tooth comb to find if there are any violations by your broker or by your lender. Plus, better yet, in majority cases violations are found in Real Estate Settlement Procedures Act, Truth-In-Lending Act, and in some cases, egregious Article 32 Predatory Lending violations.

Third, when your attorney provides these facts on your behalf the lender will not ignore these legal issues. Which means that the lender will be more than set to modify your mortgage because they know that loans with illegal terms or conditions are not enforceable. And in addition to that, you will have peace of mind with no worries of losing your home!

Once you think about the reasons and evaluate them, I expect you will probably have to admit that a compelling case can be made for why you should get in touch with a loan modification attorney.

Think it over. What will you gain if you actually speak to a loan modification attorney right now?

As many as 6 million families are expected to face foreclosure in the next several years. Contact the Law Offices of Janian and Associates for a free consultation with an experienced loan modification attorney.

Home Affordable Modification Program

Under the Home Affordable Modification Program (HAMP) mortgage lenders were told to accelerate the review process for loan modifications. Apparently, the applications submitted by struggling homeowners were not being processed in a timely enough manner. It seems these applications were just sitting collecting dust while the threat of foreclosure loomed.

According to the Home Affordable Modification Program:

Mortgage lenders need to send confirmation in writing that they received your loan modification request.

Mortgage lenders need to approve or reject your loan modification request within 30 days of receiving your application.

If a mortgage lender denies your application, they have to offer another option to help you avoid the foreclosure process.

Now with the Home Affordable Modification Program obtaining support with loan modification is much easier. The wait time is much faster.

However, some homeowners have experienced the opposite. There have been situations in which homeowners actually qualified for loan modification but the mortgage lenders took too long to look at the applications. In these cases the homes went into foreclosure because the applications were not approved in time to stop foreclosure.

Many other home owners have reported that their banks are not offering any type of loan modification assistance at all.

An experienced loan modification attorney at law is the best resource if you are facing foreclosure. Most will provide you with a free consultation and inform you about your rights and best options. You need a professional that is familiar with the laws and able to negotiate on your behalf.

A qualified legal expert will guide you through the entire process and help you get your loan modification approved.

How To Stop Foreclosure With A Forensic Loan Audit

Before you closed on your mortgage for your home did you ask any of the following questions:
Do we have all the paperwork?

Are these "good faith" estimates good?

Are the payment representations accurate?

How do we know that the broker isn't double-dipping?

Why isn't there any documentation of income?

Chances are not one of these questions even crossed your mind. Most people are so excited when purchasing their home they simply walk into the closing believing that the documents they sign are in compliance with current laws. However, in many cases one or more laws are violated connected to Real Estate Settlement Procedures Act (RSPA), Truth-In-Lending Act (TILA), and Article 32 Predatory Lending. The unsuspecting homeowner has no idea that these violations even exist. For the homeowner facing possible foreclosure finding out if any laws were violated when your mortgage was originated could mean the difference between losing and saving your home.

Loans with illegalities are not enforceable.

Foreclosures resulting from loans with infractions are also not enforceable.

A Forensic Loan Audit is a thorough investigative report used to detect infractions and violations that may or may not have been performed by the mortgage lender or broker when they originally funded a loan. Loan audits are often used in the loan modification process as leverage in the negotiation process. This report is essential because it underlines laws that were broken, if any, by mortgage lender or broker.

An attorney can press your mortgage lender to take action on your case in your favor, and a forensic loan audit can help to successfully modify your mortgage.

Most sensible mortgage lenders will choose loan modification when presented with the legal facts.

For the best mortgage modification service in the country contact janian and associates for a free consultation.

Loan Modification Attorney to the Rescue

Are you facing a financial crisis? Wondering when the economy is going to get better? Are you having sleepless nights worried about whether or not your home is going to be taking away from you, because you are lagging in your mortgage payments?

Life is so unpredictable, today you maybe just perfectly fine. But tomorrow you might lose your job or some unforeseen event may change your life forever.  This is how and when a Loan Modification Attorney can help save the day!

What is loan modification?
A loan modification is a restructuring of the terms of your current mortgage to make your payments more affordable.

What is a loan modification attorney and what do they do?
A loan modification attorney is lawyer who practices in real estate transactions, mortgage negotiations, and aspects related to mortgages.

Some people do not like or think it is vital to hire an attorney to do their loan modification and they think that they can do it themselves; and truth is maybe they can. But the advantage with hiring an attorney is they know the laws and are far more experienced and savvy than the average homeowner when it comes to working with lenders.

Why do you need a loan modification attorney?
With the aid of a loan modification attorney, you can prevent foreclosure and keep your home.

You need a loan modification attorney to help you through the restructuring process smoothly.

Your lawyer will thoroughly review your case and will do everything from legal perspective to help you. There are many organizations out there offering similar services. However, experienced lawyers are the ones who usually get the best results. They can competently talk to your lenders and your lenders will be more cooperative because your attorney uses the law as leverage during negotiations.