Mortgage Mediation Services
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You may have to fight back if the lender has filed a foreclosure suit. Or bring a suit against the lender in those states where the lender can foreclose outside of the courts, at a Trustee's Sale. Courts have held that a lender wishing to foreclose must prove that it owns the loan documents, and thus has the right to foreclose. Most are not the original lenders; the lender acquired the loan documents by assignment from a different lender. Therefore if called to account, the lender must be able to furnish proof of the assignment; not always easy to do.
Also, you may be the victim of fraud or predatory lending, and in some cases, both. A attorney skilled in this area of law can determine if you are in fact a victim of predatory lending. The Truth in Lending Act and RESPA federal laws and various state laws may protect you, and also act as a tool to stop foreclosure.
The Loan Modification industry is changing daily. We try to keep our clients updated as to what Lenders are looking for when Approving Loan Modifications, although we do not think you should completely qualify or disqualify yourself based on this information. You can ask one of our representatives about the criteria we use to Pre-Qualify Homeowners. Another tool we use to keep Homeowners informed is news video. We will be adding videos from our staff shortly, explaining the Loan Modification process. What is the cost for a Loan Modification? Usually, its the second or third question, after 'What is a loan modification?' or 'Do I qualify for a Loan Modification?' But it may just be the very first question on a Homeowner's mind. Ater all, they are struggling just to make their payment. Our goal is to keep costs as low as possible. We have very aggressive pricing, payment options, and a 100% Money-Back Guarantee.
But 'cost' becomes irrelevant if we can't get the job done. In an effort to boost our success ratio, we have aligned ourselves with a Nationwide Network of Attorneys that have expertise in this area. Through our proprietary network, your request for a Loan Modification will come from an Attorney or Law Firm in your state, maximizing our leverage to get the job done.