Why You Need A Loan Modification Attorney

Being behind on your mortgage payment can be scary and nerve wracking.  To save your home and obtain a loan modification, should you hire an attorney? Here are the top 10 reasons why it is absolutely necessary to hire an attorney for a loan modification

Being behind on your mortgage payment can be scary and nerve wracking. To save your home and obtain a loan modification, should you hire an attorney? Here are the top 10 reasons why it is absolutely necessary to hire an attorney for a loan modification

Banks Are Not Modifying Mortgages Under HAMP

When the banks were bailed out by the federal government under the Troubled Asset Relief Program (TARP), the banks were required to offer loan modifications under Homeowner Assistance Modification Program (HAMP).

When the banks were bailed out by the federal government under the Troubled Asset Relief Program (TARP), the banks were required to offer loan modifications under Homeowner Assistance Modification Program (HAMP).

Loan Modification Abuse Still Continuing

The banks and its servicers are still up to their old tricks. The Consumer Financial Protection Bureau (CFPB), which is the government agency overseeing the behavior of the banks, recently issued a report on its examination and observations in consumer reporting, debt collection, mortgage origination and servicing

The banks and its servicers are still up to their old tricks. The Consumer Financial Protection Bureau (CFPB), which is the government agency overseeing the behavior of the banks, recently issued a report on its examination and observations in consumer reporting, debt collection, mortgage origination and servicing

Beware of Zombie Foreclosures

Some homeowners quickly pack up and move on once they receive a foreclosure notice because they assume the lender will take over the property. However, in some cases, the bank doesn’t finish the process.

Some homeowners quickly pack up and move on once they receive a foreclosure notice because they assume the lender will take over the property. However, in some cases, the bank doesn’t finish the process.

A Loan Modification Approval Does Not End the Process

Congratulations, you received a loan modification from your lender and you are now on your way to saving home.  Or are you?  Even when you receive an approval, the banks still have another trick up their sleeve.

Congratulations, you received a loan modification from your lender and you are now on your way to saving home. Or are you? Even when you receive an approval, the banks still have another trick up their sleeve.

Cannot Sue for Lack of Standing and Receive Modification at the Same Time

Suppose you are sued in a foreclosure action.  Let us say that you sue the investor in federal court to prevent the foreclosure because the investor cannot maintain the action in foreclosure because it could not prove that it had the authority to maintain the foreclosure action.

Suppose you are sued in a foreclosure action. Let us say that you sue the investor in federal court to prevent the foreclosure because the investor cannot maintain the action in foreclosure because it could not prove that it had the authority to maintain the foreclosure action.

Eight Out of Nine Ain’t Bad

As a result of the robo-signing signing scandal and other foreclosure abuses, many servicers, including Ocwen, were sued by the Federal government.

As a result of the robo-signing signing scandal and other foreclosure abuses, many servicers, including Ocwen, were sued by the Federal government.

New HUD Policy Will Help Delinquent Borrowers

There is some good news for homeowners who are behind on their FHA mortgage payments.  A little background is necessary first.

There is some good news for homeowners who are behind on their FHA mortgage payments. A little background is necessary first.

Another Servicer Abuses Homeowners

Another servicer has been fined by the Consumer Finance Protection Board (CFPB).  Green Tree Servicing, which has been expanding its servicing operations

Another servicer has been fined by the Consumer Finance Protection Board (CFPB). Green Tree Servicing, which has been expanding its servicing operations

Tricks Banks Use To Get Homeowners Into Foreclosure

Often times lenders make more money from foreclosure than actual payment. As the current housing crisis has shown, banks give as few modifications as possible and comply minimally with statutes put in place to protect borrowers

Often times lenders make more money from foreclosure than actual payment. As the current housing crisis has shown, banks give as few modifications as possible and comply minimally with statutes put in place to protect borrowers

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