California Loan Modification

Loan Modification Help Center – Mortgage Fraud and You

Did you know that executives throughout America are finally being brought to justice for the predatory lending and subprime mortgage fiasco?  The subprime mortgages that helped ruin the current economy by taking advantage of unsuspecting home buyers were fueled, in part, by executives such as Countrywide Financial CEO Angelo Mozilo.  Loan modification companies in California and the rest of the nation have been crying foul for quite a while, trying to alert authorities to the abuses going on.

Individuals such as Mr. Mozilo were committing two major crimes (allegedly):  the first was selling incredibly flawed and risky mortgages to home buyers who would later go into foreclosure; and the second was presenting company assets as high-quality when they were actually “toxic” or “poison” in hindsight.  Some of these individuals will go to prison because of the securities fraud, others will be convicted of mortgage fraud.  However, the people who are facing foreclosure won’t be assisted by any of these convictions, because it won’t stop their foreclosure proceedings.

In the end, one of the only things that can put a halt to home foreclosure proceedings is a highly qualified loan modification company.  A home loan modification company can work with lenders, on behalf of homeowners, to negotiate the terms of their mortgage with the end result being a lower monthly payment.  Even as subprime mortgages created situations where a ,500 payment turned into a ,500 payment, home loan modifications can turn that situation back around.  A qualified California home loan modification company, for example, can negotiate with a lender (bank or mortgage company) to lower the overall interest rate, alter the length of the loan, reduce the principal balance, or some other formula to get payments back to a realistic monthly amount.

As executives from Countrywide and other corporations are facing the music for their misdeeds, loan modification companies are assisting average Americans to overcome those same misdeeds.  A loan modification attorney can work with you to get your paperwork and financial information in order so that the loan modification process goes quickly and smoothly.  A California loan modification company with years of experience will know the ins-and-outs of the loan modification process and how to avoid foreclosure.

The California loan modification and FDIC home loan modification programs are working, and California loan modification attorneys can help you take advantage of these programs.  For example, in January of 2009, there were only 14,351 foreclosures in the state of California, down from 20,952 the month before.  Loan modification attorneys have been helping people more and more.  However, the reality is that there are still tens of thousands of people going through foreclosure every month, in part because they don’t have the expertise of a loan modification company by their side.  People live in fear of answering phone calls and think anyone trying to help them just wants money.  However, doing nothing will result in the loss of a home, and the concept of homelessness is not something Californians are accustomed to.  The loan modification companies with years of experience in the industry and that utilize a California home loan modification attorney can be the difference between living in a home for the next twenty years, and living on the streets.

Visit us at http://www.loanmodificationhelpcenter.org/ or call 800-359-6941.

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.

The Only Way To Get Help Is With Loan Modification Attorneys

A loan modification attorney may be a good investment and help you as a homeowner work through the modified loan agreement process. Depending on the lender, the loan modification process can take a long time. Having a loan modification attorney on your side may benefit you more than you working directly with the lender yourself.

There are many things that a lender looks at when considering a homeowner for a modified loan, things like your past and current financial situation. Even though the current Administration started the Home Affordable program to make a modified loan a much more viable option for many homeowners, there are many who will not qualify or are close to not qualifying.

The job of the loan modification attorney is to fight for you. The attorneys know that by lowering the monthly payment for you mean all the difference in staying in your home, they also know how to handle the lenders as well. The attorney can help the most qualified all the way to someone who is on the edge of not qualifying for a modified loan. The attorney knows the laws, especially those dealing with the new loan modification guidelines and can make sure the lenders are adhering to them in a way that will benefit you as the homeowner.

The entire modified loan process is complicated and time consuming, more time than most homeowners have to deal with right now trying to make ends meet. You as the homeowner just don’t have the time or the needed resources to get your mortgage payments down to a level you can manage, which could only be down about 30%. With the help of an attorney the payments could go as low as 50% in some cases.

Depending on the loan modification attorney, there may not be a charge for initially looking at the homeowner’s family income and financial background and situation. The attorney may not start charging until they actually begin the modified loan case. As a homeowner you may want to try and save money and not ask for help, but with the attorney’s help the envelope can get pushed a lot harder along with potentially better results. The modified loan attorney is on the side of you, the homeowner; they want to make sure you get what you are qualified for.

There are homeowners who have filed bankruptcy, you can still possible get a loan modification if you filed chapter 13 in the past. As a homeowner trying to get a modified loan on your own with a bankruptcy on your record may be impossible, but with an attorney, you may be eligible.

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Loan Modification Help Center – How are California mortgages foreclosed?

At the Loan Modificatin Help Center, we see many people throughout California who are facing foreclosure, or who are in danger of facing foreclosure, and they want desperately to get as much information as possible.  Information about foreclosures, on how to keep their homes and especially about California home loan modifications.  One of our primary goals is to keep people in their homes, to help people avoid foreclosure and to provide excellent home loan modification services.

One of the reasons a California loan modification company can be effective is that they can negotiate with the mortgage company if they have a home loan modification attorney.  

We aim to provide information to people seeking to stay in their homes, especially information on how California mortgages can turn into foreclosures.  The primary method of foreclosure in California involves what is know as a “non-judicial foreclosure” which does not involve court action.  When a deed of trust is initially signed, it usually contains a provision which, upon default, allows a trustee to sell the property in order to satisfy the default loan.  The trustee acts as a representative of the lender to carry out the sale, which usually occurs in the form of an auction.

At the Loan Modification Help Center, our loan modification attorneys educate people regarding the California foreclosure process, including the fact that California has a requirement known as the one-action rule.  This means that if a foreclosure is completed by non-judicial means, a second action to recover a deficiency judgment is not permitted.  Using a judicial foreclosure, a lender may recover a deficiency judgment in certain circumstances.  California’s foreclosure process also has very strict notice requirements, and the mortgage documents are required to contain the “power of sale” language that allows for this type of foreclosure method.

Any California foreclosure process also requires:

A notice of default

A minimum 60-day period before a foreclosure can move forward

The borrower must receive a 20 day notice before any foreclosure sale

Foreclosure sales must take place on any business day between the hours of 9AM and 5PM and must occur at the location referenced on the notice of sale.

Having a trustworthy California loan modification attorney working with you is vitally important to avoid foreclosure and keep your home.  The incredible amount of laws, regulations, dates and other statutes to keep in mind throughout the process are massive and overwhelming.  The average person wouldn’t know how to negotiate with lenders, keep track of dates, fill out all the paperwork, and the million other details necessary to protect against foreclosure.

If you’re trying to avoid foreclosure, or if you’re if you think you might be in danger of foreclosure and don’t know what to do, contact a qualified California Loan Modification Attorney today and get educated.  The information a loan modification attorney has can help you avoid a foreclosure, keep your home and keep your family in the neighborhood where they belong.

Loan Modification Help Center – Who Qualifies for a California Loan Modification

Most people facing foreclosure or some other financial hardship don’t really know whether or not they qualify for a California loan modification.  If you get a loan modification, your monthly payments could be cut by as much as 60%, allowing you to continue to make your payments and stay in your home.  A California home loan modification attorney can sit down with you and discuss your situation, helping you to know whether or not you actually qualify.

According to the Department of Treasury “Anyone with high combined mortgage debt compared to income or who is “underwater” (with a combined mortgage balance higher than the current market value of his house) may be eligible for a loan modification.”  The federal government altered the standards a person has to meet to qualify for a home loan modification after hundreds of thousands of people started to fall into foreclosure or fall dangerously close to foreclosure.  This radical change also includes borrowers who show other indications of being at risk of default.  These signs of risk may include a spouse losing a job, a loss of revenue (such as a pay cut) or other financial hardship.

This federal loan modification program applies to homeowners and borrowers who are unable to make (or are struggling to make) payments which exceed 38% of their monthly income.  Meaning that if your  take home pay is ,000 a month and your mortgage payment is ,000 a month, your struggles to pay that mortgage bill could qualify you for a home loan modification.

Qualifying is just the first part however, because you then need to negotiate with a lender.  The lender has to agree to lower the interest rate or reduce the principal amount to bring the payment to 38% of the borrower’s income.  This program is designed to help homeowners, people who want to live in their homes for a long time.  Speculators, or those who bought homes for investment purposes, are not eligible.  

Knowing if you qualify for a California home loan modification can be a difficult process to navigate, and having a California home loan modification attorney on your side can make the process much easier.  Loan modification attorneys understand how complex the process can be, and can lend their experience to homeowners who do not know what to make of all the forms and paperwork.  Also, California loan modification attorneys can work on your behalf, making phone calls and sending faxes, which can be a time consuming endeavor.  Most homeowners trying to stay in their homes are working multiple jobs and do not have the time to talk to a government agent or wait on hold with a bank representative for one, two or three hours.  A California home loan modification attorney can take that weight off of your shoulders and allow you to handle the rest of your life without worrying about your home.  Contact a qualified California home loan modification attorney today and see if you qualify for a home loan modification.

Visit us at http://www.loanmodificationhelpcenter.org/ or call 800-359-6941.

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.

Top 5 Benefits of Using A Loan Modification Attorney

If you are concerned about your home mortgage loan, a possible foreclosure, or even just overall financial hardship, you should first take solace in the fact that a loan modification is a realistic means of navigating these tough times. A loan modification can make your monthly mortgage payment affordable, which can not only help you keep your house, but also help you with your overall budget. However, keep in mind that not all loan modification programs are created equal, and there are some significant benefits to using a loan modification attorney, rather than some other third-party organization.

1. Attorneys Have the Right Experience

First of all, an attorney is superior to any other professional for your loan modification because of practical experience. Most attorneys can negotiate, argue, and arbitrate tough issues because that’s all part of their job description. Add to that the fact that lawyers must be able to read dense contracts and legalese, and you start to understand where an attorney can really be of use in negotiating a modified loan.

2. Attorneys Can Sue

Never underestimate the weight that a simple “J.D.” carries in any dispute. There is a sense of power and threat associated with an attorney because of the potential for litigation. Even as an individual, if you are involved in a situation with attorneys, you tend to watch what you say and do much more. Even if a lawsuit is an unlikely eventuality, your mortgage company or lender will probably be more willing to cooperate with and consider a proposal that an attorney has submitted.

3. Attorneys Know the Law

There are almost always obscure laws out there related to all sorts of situations, and this is one place where an attorney can give you an edge. However, what’s even more important is the fact that an attorney thoroughly understands the applicable laws, and can comb every inch of your loan to make sure there isn’t anything fishy. Because of this possibility, a lender is much more likely to concede to an attorney who is intimately familiar with what laws such as the “Truth in Lending Act” actually say, rather than a homeowner or third-party company without legal expertise.

“Homeowners need to understand the difference between the trial and permanent modification. At my office, we have a department that follows up on the paperwork that is needed to complete the trial modification.  Banks always want documentation after the trial period is up to make sure the borrower will be able to make payments in the future,” says, Joel Jacobi, Managing Attorney at American Residential Law Group.

4. Response Time

The other great thing about going for a loan modification attorney is that you will get everything accomplished more quickly. A lender will feel greater pressure from an attorney who has sent a modified loan proposal, as opposed to someone without comparable clout and qualifications for negotiating. The sooner a lender can satisfy a customer who’s hired an attorney, the sooner the lender can breathe easier, knowing that a potential lawsuit or investigation is no longer on the horizon. This is their motivation for engaging in a speedier loan modification process.

5. The Cost Can Pay for Itself

Some loan modification programs require upfront fees, and others take a percentage of the modified loan as compensation, but the bottom line is that you are investing in a lower payment and the ability to keep your house. A successful loan modification means you keep the equity you’ve built up in your home so far, and you can afford to stay in your house for less money each month. The extra help that an attorney can give you in securing an acceptable modified loan should easily justify the cost.

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5 Questions To Ask Your California Loan Modification Attorney

Job losses, unstable sub-prime loans, and a generally slow economy have contributed to an unprecedented rise in mortgage defaults throughout California. And as more and more people face the risk of foreclosure, more and more are turning to loan modification: an agreement between lender and borrower to change the terms of the mortgage to help the latter stay in the home. With government support, loan modification has helped over half a million homeowners get back on track. But will it work for you?

It largely depends on how much your California loan modification attorney can help. While there are lots of firms to choose from, it pays to shop around and find a loan modification attorney California who fits your requirements. Before signing any deals, here are five questions you should ask your California loan modification attorney.

What are your methods?
Just as each homeowner’s situation is different, each loan modification attorney California has his own way of solving the problem. At the very least, make sure he or she has a game plan in mind, and studies your case before doing so. Otherwise, there’s a lot of guesswork involved, and you don’t want to take that risk when your home is at stake.

How much do you charge?
Loan modification fees can vary from a few hundred to several thousand dollars. Ask your California loan modification attorney exactly how much the process will cost from start to finish, with no hidden fees. Don’t agree to pay anything up front; if they ask for part or all of the fee at the outset, it’s most likely a scam.

How much experience do you have?
Many loan modification firms sprung up barely two years ago, just as the foreclosure boom was starting. Most of them, unfortunately, are just taking advantage of the demand. Make sure your loan modification attorney California has been in the field long enough to know how it works. Ask for references and call up previous clients for firsthand feedback.

What’s your expertise?
While loan modification generally works the same way, each California loan modification attorney has his own strong points. Some may have more connections with the big banks, while others specialize in smaller sub-prime lenders. Choose a loan modification attorney California who has worked with people in similar situations as you.

Do you have a backup plan?
Sometimes, loan modification simply doesn’t work–some people don’t agree with the bank’s offer and some are just too deep in debt. Your California loan modification attorney should give you alternatives in case your request doesn’t get approved, or at least refer you to other parties who can help.

Loan Modification Help Center – Banks are Working with California to Modify Home Loans

Did you know that Bank of America has been working with the state of California to grant loan modifications to tens of thousands of people?  Odds are you did not, which is one of the many reasons you probably need a California loan modification attorney.

Bank of America offered to modify around 100,000 home mortgage loans handed out by Countrywide Financial, one of the main mortgage companies that gave people subprime mortgages.  The loan modifications took place during the first four months of this year.  The California loan modifications were geared towards lowering people’s monthly payments on primary mortgages to 34% of borrower’s income.  This particular program only addressed subprime loans made to the riskiest customers and pay option loans.

If you think you missed out on your chance at a California home loan modification do not worry, California loan modification attorneys are still working day and night to keep people in their homes.  Even in some of the most dire financial situations, a California loan modification attorney can work with your lender, mortgage company or bank to renegotiate the terms of your mortgage loan.  At the Feldman Law Center for example, they have experience negotiating with banks such as Bank of America, Wells Fargo, Washington Mutual, JP Morgan Chase and others.

You might think banks would be crazy to even listen to an offer to modify your loan and that you are stuck trying to pay ,500 a month on a loan that once cost only ,000 a month.  However, California loan modification attorneys are at work every day getting homeowners just like you a better deal.  Lower interest rates, extended terms, late fees can be waived, loan principals could be decreased and other options are available to get your monthly mortgage payment back under control.

Banks across the country recognize that multiple foreclosures could spell doom for them.  If homeowners continue losing their homes, banks will be left high and dry with those mortgages.  Foreclosures are the last resort of any bank, and especially now they are willing to discuss loan modifications.  In a loan modification, a California loan modification attorney will act on behalf of the homeowner to renegotiate the terms of a mortgage loan in order to get a lower monthly payment.  In different situations, banks and lenders have agreed to lower interest rates, extend the term of the mortgage loan, eliminate late fees, a principal reduction of the mortgage and other options that lower the overall monthly payments for the borrower.

If you are currently in a situation where you are facing the possibility of a foreclosure, you should contact a California loan modification company today.  Their experience and knowledge can help you get lower monthly payments which will allow you to stay in your home.  You may not have experience negotiating with banks, but qualified loan modification companies do and can use that experience on your behalf.  Instead of wresting with lenders, paperwork, stress and negotiating, contact a skilled California loan modification attorney today.

Visit us at http://www.loanmodificationhelpcenter.org/ or call 800-359-6941.

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.

What to Expect from a California Loan Modification Attorney

What to Expect from A California Loan Modification Attorney

With all the misinformation floating around out there, many people are uncertain what to expect from a loan modification attorney. While it is possible to conduct a successful loan modification by yourself with your lender, many people find the delays, poor communication and lack of information frustrating and overwhelming. This article is aimed at giving others a basic outline of what a loan modification attorney can and cannot do for you.

To start with, the Attorney will schedule a time with the client for an interview. During the interview the Attorney gets to know the client and their situation. This helps the Attorney get a sense of where the client is personally and financially, allowing them to begin forming a Letter of Hardship which will be used by the Lender later on in the process.

After this preliminary interview, the Attorney will request information from the client. This information includes the principle balance of the loan, interest rate, monthly payment amounts, and the equity of the property, to name a few items. Mortgage documentation like the loan application, Good Faith Estimate and Final Closing Statement will also be requested by the Attorney in an effort to fully understand the terms and status of the client’s loan. The client is also expected to submit to the Attorney past paystubs, W2’s, pension payments and other documentation that supports the client’s income and current financial situation. All of this information is gathered and processed by the Attorney’s office so that they will be able to accurately represent the client’s situation to the Lender through a Letter of Hardship.

After assessing the client’s case, the Attorney will prepare a Qualified Written Request to the Lender and then submit a loan modification request with a complete package of supporting documents prepared from the information gathered from the client. During this time the Attorney will usually be in constant contact with the bank in an attempt to do several things. First of all, if the client is in danger of foreclosure, they will take steps to stop or postpone the foreclosure while the bank reviews the loan modification request. They may also try to postpone an acceleration clause in the mortgage. All of this will take place as the Attorney attempts to renegotiate the original mortgage. If that is not possible, they may work with the bank to arrange a short sale or deed in lieu of foreclosure. In negotiating a loan modification, the Attorney may try to change the loan from an adjustable interest rate to a fixed rate, lower the interest rate, change from interest only to fully amortized or have the principle on the mortgage lowered.

Before being approved for a permanent loan modification, many borrowers may be placed in what is known as a trial loan modification. This is a preapproval of the borrower’s loan modification request and an attempt by the Lender to see if the borrower will be able to make their new payments should a permanent loan modification be approved. Failing to make a trial payment will usually disqualify the borrower from a loan modification. It is important to note that the loan modification process can take anywhere from 60-90 days, which may discourage some borrowers. However, an Attorney will try to halt the foreclosure proceedings while the loan modification process is underway.

Since the introduction of the federal programs Making Homes Affordable (MHA) and Home Affordable Modification Program (HAMP), Lenders have been switching many clients over to these programs since the banks receive government subsidies for processing borrowers through these programs. This has resulted in delays from both Attorneys and the Lenders since they are forced to refile documentation for the new programs and start the process over again. These programs are beneficial for the borrower however since these programs generally result in lower payments and interest rates on a permanent loan modification.

It is important for the client to remember that both Attorneys and Lenders are extremely busy with the large volume of loan modifications being processed at this time, so communication times may not always be ideal. Generally the Attorney will contact the borrower ever week or so to give the client an update on the process, but sometimes the update may be no more than ‘the file is still being reviewed by the Lender’. However, the Attorney is usually in constant contact with the bank ensuring that they are responding to the Attorney’s requests in a timely fashion. During the negotiation process the Attorney may require additional information from the client, and it is important to get that information to the Attorney as soon as possible. Additionally, Attorneys to not usually include any litigation that should arise during the negotiations as part of their loan modification fees, and clients should expect additional fees should they decide to use the Attorney for litigation.

As of October 11, 2009, Attorneys in California are not allowed to collect advanced payments for their services. This includes retainers and monies placed in trusts to be dispersed to the Attorney at a later date. Attorneys may only collect payment for services as they are performed, so the client will be notified what has been done and how much it cost from the Attorney every step of the way. Be wary if a loan modification Attorney asks you for upfront payment, as it is a sign the Attorney is engaging in unethical practices.

Loan Modification Attorneys – For Some, The Only Way To Get Approved

If a homeowner is attempting to reach a home modification agreement with their lender, depending on a loan modification attorney may be the only way to push the agreement through the red tape. Some lenders are less open to modifying home loans than others, and coming to an agreement can take a long time. Hiring a attorney makes the system work in the home owner’s favor and can even reap better benefits than if a homeowner approached the lender themselves.

Lenders look at several aspects of the home owner’s prior and current financial situation and determine whether or not the homeowner is qualified for assistance. Though the new Home Affordable Program under Obama’s administration has made loan modification a much more viable option for thousands of families across the country, there are still those out there who do not qualify or are very close to being excluded from qualification.

Loan modification attorneys are experienced in handling lenders and know that in these difficult times lowering a monthly mortgage payment can mean life or death to some homeowners. Whether a homeowner is qualified or on the fringe of qualification, a attorney can assist in getting the mortgage modification they need. A attorney knows the laws around the new loan modification guidelines and can force the lenders to adhere to them in a way that is beneficial to the homeowner.

It is a complicated matter and most homeowners simply don’t have the time or resources to research every aspect of the process to get their mortgage payments down to a manageable level. The average reduction of a home owner’s mortgage payments through loan modification is 30% but with the help of a loan modification attorney, payments can be reduced by up to 50% in some cases.

There are several mortgage modification attorneys out there who do not charge for a consultation to inspect the home owner’s total family income and financial background. Most attorneys do not charge until they present the agreement to the lender and begin working on the case. A homeowner may think that representing themselves when dealing with a lender will save money in the long run and that they are guaranteed for loan modification, but a homeowner alone cannot push the envelope and get the very best results from a lender. These attorneys ensure that the homeowner is properly represented and gets the assistance that they require if they are qualified.

For those homeowners out there who have gone bankrupt, there are now bankruptcy modifications available for those who have filed for chapter 13 bankruptcy in the past. While acquiring a form of modification with a bankruptcy on file can be impossible for a lone homeowner, a loan modification attorney can get the desired results from both lender and homeowner.

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Loan Modification Help Center – Can the Federal Government Do What a Loan Modification Attorney Can?

Loan modification attorneys throughout California are helping people stay in their homes by working on their behalf to negotiate with lenders and get a top flight loan modification for their clients.  A qualified California loan modification attorney can get the best interest rate and the best terms for their clients’ loan modification, helping homeowners to stay in their homes and avoid foreclosure proceedings.

Recently, the federal government has gotten involved in the loan modification industry, hoping to keep as many Americans as possible in their homes.  The Obama Administration came into office in late January, and by February got Congress to pass a number of pieces of legislation promoting loan modifications.  However, their efforts to reduce foreclosures have fallen behind expectations, failing to help as many people as they hoped to.

The federal loan modification program has hit many pitfalls, including the fact that some homeowners are being told they must be behind on their payments to receive help, which runs counter to the goals of the program.  In other cases, the delays are so extensive that borrowers who are current when they begin the process fall behind by the time the process is complete.  There are also issues involving who qualifies under the federal program.  Recently, government agents invited over twenty bank executives to Washington, D.C. to discuss this situation and how to remedy it.  

So far, it is estimated that 200,000 homeowners who were behind on their mortgages took advantage of the federal loan modification program.  The goal is to eventually help three to four million people with loan modifications, but unfortunately they are not on pace to meet that goal.  Some banks, such as Wells Fargo, did not offer loan modifications under the program until June, while others were understaffed to handle the volume of calls and e-mails that they received.  In the meantime, people are suffering pay cuts, spouses losing their jobs, increased interest rates and more.  The federal loan modification program held quite a bit of promise, but it seems the promise has not been able to produce the desired results, or at least the results that everyone was hoping for with the program.  This is in part due to the bureaucracy involved in any government program of this size.

People may now be searching for potential solutions to this challenge.  One obvious solution is to hire a qualified loan modification attorney.  While federal programs have to service millions of people, a loan modification attorney can focus on you, your needs and your house.  A federal program will have dozens of hoops to jump through for every portion of the program, as well as an inefficient way to communicate with you.  Educating the homeowner on how to organize and prepare the loan modification application should involve intensive one on one contact, but a federal agency will not be able to do this.

A California loan modification attorney can sit down with you, explain your options and walk you through the entire loan modification process.