California Loan Modification

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Loan Modification Help Center – Myths About Loan Modifications

Most people are truly unaware of the various misnomers, misunderstandings and myths being propagated in regard to home loan modifications.  At the Loan Modification Help Center, we have put together a list of common myths people tend to believe about loan modifications.  This is so you can see the truth and make an informed decision about your current financial situation without having to go on false information and lies.

Myth – Your bank or lender wants you out of your home and wants to own your home.  This is an unfortunate myth that people believe far too often.  To put it bluntly, your bank wants your money, not your home.  They earn more money if you can make payments than they do if the home goes into foreclosure.  Foreclosures not only cost the bank money from your lack of payment, but there are attorney fees, agent commissions, potential landscaping costs, home rehabbing and more when doing a foreclosure.  All of that is good news because it means negotiating a loan modification makes them more money than sending your home into foreclosure.

Myth – Your terrible credit score will keep you from qualifying for a loan modification.  To be quite honest, nothing could be further from the truth.  Unlike the option of refinancing your way out of trouble, a loan modification simply adjusts the terms and perhaps reduces the balance of the loan you already have.  In fact, a loan modification could potentially improve your credit score over time, especially if it prevents you from ending up in foreclosure or bankruptcy.

Myth – You are not able to qualify for a loan modification because you are not behind on your mortgage payments. In the past, this may have been true, the truth today however is that the eligibility requirements are constantly changing and differ among lenders.  Plus, with new legislation handed down from President Obama, new doors have opened on this front.  Many lenders are now working out loan modifications with borrowers who are up do date on their payments.  A qualified California home loan modification attorney can help you recognize what your options are with different lenders.

Myth – You would be better off walking away from your home or declaring bankruptcy than getting a California loan modification.  You certainly could walk away from your home or file for bankruptcy, but they are not the best options when you are facing a foreclosure situation.  If you walk away from your home, the lender is unlikely to pursue legal action against you, but in some jurisdictions the lender can pursue financial options to collect the remaining money owed.  Filing for bankruptcy may be better than just walking away from your home, but a bankruptcy will leave major blemishes on your credit report for a decade.

A California home loan modification attorney can walk you through the entire loan modification process and help navigate the myths from the realities.  If you are interested in a California home loan modification, contact an attorney who can be of service and who can tell you the truths about the industry, the market and what your options are.

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.

Loan Modification Help Center – Can a Loan Modification Save Your Marriage

Statistics show that divorce happens more often due to financial troubles than anything else.  Sexual challenges, family issues, health issues and other areas are all less important to a healthy marriage than solid financial footing.  

One of the biggest areas of stress for any couple is buying a home and keeping it.  There are four major life decisions:  choosing a spouse; buying a home; picking a career; and having kids.  Buying a home involves incredible amounts of money, complete sacrifice on the parts of both spouses, a long term dedication and more.  The process of buying a home can be traumatic, because people are taking so many factors into consideration – schools, work, neighbors, etc.  After investing so much time and effort into choosing a home and putting up the money to buy it, it can be completely heartbreaking to see that home go into foreclosure.  Many marriages have ended because of the strain that foreclosure has brought on the people involved.  Spouses begin to question themselves and each other, all the time wondering why they find themselves in the midst of foreclosure proceedings.

Loan modifications are a way to avoid foreclosure, and a California home loan modification attorney can help you stay in your home for a very long time.  A loan modification is a renegotiation of your home mortgage loan where you and the lender agree to new terms.  A loan modification can occur in a number of ways:  your interest rate can be lowered; your adjustable interest rate can become a set interest rate at a much lower rate; you can get a principal reduction; you can have all of the late fees waived; you can have the length of your loan changed, say from a 30 year mortgage to a 40 year mortgage; and much more.

A loan modification attorney can sit down with you and discuss your options, as well as how the process works.  This will afford you the chance to learn about the process, learn more about your particular situation and give you some perspective as to your situation.  California loan modification attorneys work with people from all walks of life who are facing foreclosure and difficult financial situations.  You may be surprised to learn that you are not alone in your struggles or in your hardships.  These days, even corporate executives are declaring bankruptcy, and professional athletes are losing their homes.

With a loan modification, you can have the peace of mind that so many people are struggling to get these days.  The stock market is like a roller coaster and the real estate market is in freefall.  With a loan modification attorney working with you to get a California loan modification, you can get free from foreclosure and stay in your home.  While California loan modification attorneys are not counselors or psychologists, they can help your marriage a great deal by giving you the tools and the power to become free from the hardships you are currently in.  Your future could be much brighter with the help of a California loan modification attorney.

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.

Loan Modification Help Center – Loan Modifications, Myth vs. Fact

When people take the time to research loan modifications, they are confronted by various issues that may not make much sense.  Different loan modification companies will offer differing information, and mortgage lenders will usually choose to hold back certain truths, often to their own benefit.  The Loan Modification Help Center is designed to try and eliminate the myths from the facts, giving you a true picture of the loan modification arena.

Here are some myths going around the Internet as well as the truths that debunk them:

Myth – You have to be late on your mortgage in order to be eligible for a loan modification.

Fact – You do not have to be late, although it helps if you are.  In other words, you will get more attention and help on your mortgage from your mortgage lender if you are late.  It takes a California loan modification attorney with a tenacious attitude to deal with a borrower, but getting a loan modification if you are not late on your payments is absolutely possible.  Plus, new laws passed by the Obama Administration help people in that situation.  

Myth – Any loan modification company can help you with a California home loan modification.

Fact – Unless a loan modification company has an experienced California home loan modification attorney, they really can’t help you very much.  A loan modification attorney will be empowered to work on your behalf, and only someone with the power of attorney can do so.  A random company that does not employ (or is not run by) a California loan modification attorney really can’t do an adequate job.

Myth – Lenders are doing everything they can to assist struggling homeowners.

Fact – Lenders are doing everything they can to protect their own interests.  Lenders have neither the resources, nor the good will to help all the homeowners suffering from bad mortgage loans.  These lenders have lost billions of dollars, have laid off countless employees and are responsible to their shareholders, not the general public.  Without a California loan modification attorney helping you get a loan modification, you really are not going to get the attention you need and deserve.

Myth – Loan modification applications cost a ton of money.

Fact – There are absolutely some loan modification companies looking to make a quick buck, but experienced, qualified and service-oriented loan modification companies such as the Feldman Law Center are focused on keeping you in your home.  People should not be frivolous with their cash, which is why a qualified loan modification company is the way to go.  If you have concerns about upfront costs or overall costs, be sure to talk to the service representative you speak with about it.  You will most likely spend some money, but remember we are talking about your home here.  Keeping your home during this difficult economy will make you stronger financially once the recession ends.  That should always be your end goal throughout the loan modification process.

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.

Feldman Law Center – News Regarding FDIC Loan Modifications

At the Feldman Law Center, our loan modification attorney team keeps their eye on all mortgage loan modification news in order to properly inform and education every client we work with.  Our California loan modification company works hard to provide top notch advice as well as a skilled legal ability to get you the best loan modification agreement possible.

Recently, the federal government has been paying far more attention to the loan modification process than they have in the past.  The Federal Deposit Insurance Corporation (FDIC) and the Federal Housing Administration have rolled out plans over the last year to combat the rising foreclosure proceedings.  The FDIC loan modification program and the FHA loan modification program have received some heavy criticism from large financial institutions such as Moody’s Investor Services.  In a recent Moody’s report, the FDIC loan modification program may eventually reduce cumulative losses for mortgage loans involved in the subprime mortgage crisis.  The FDIC loan modification program is designed to help more people get quality loan modifications by creating a streamlined framework with key incentives, including:  a loss-sharing arrangement for existing investors; and a thousand dollar stipend for every successful loan modification.

Ultimately however, Moody’s feels that the participation in the FDIC loan modification program might be limited, which weakens the effectiveness of the program.  The FDIC loan modification program will have a lesser cumulative impact on the losses suffered by banks, lenders and homeowners.

A California loan modification can be had by utilizing the skills of a California loan modification attorney.  At the Feldman Law Center, our loan modification law firm can provide the kind of unique experience and highly sought after knowledge necessary to procure a loan modification.  Working with any lender or federal agency involves lots of red tape and bureaucratic road blocks; but with a skilled loan modification attorney, you could overcome those challenges.

Many people are interested in how a loan modification can help them change their financial situation and keep them in their house for the long haul.  Throughout California, foreclosure signs are popping up in neighborhoods all over the state, and even in some areas that never thought it would happen to them.  Even such neighborhoods as Beverly Hills, Bel Air and Walnut Creek are suffering from the subprime crisis, and everyone in the state is suffering as a result.  California unemployment has reached double digits, and it could get much worse.

A loan modification is an agreement between the debtor and the mortgage company to renegotiate the terms of the mortgage loan.  This is done so that the borrower can have an affordable, reasonable monthly payment, allowing them to keep making payments over the long haul.  A California home loan modification attorney can help the borrower negotiate with the lender, arrange the loan modification application and communicate with the bank or lender.  With a loan modification attorney at your side, you can get the best loan modification possible and keep yourself and your family in your home.

More California Home Loan Modification Articles

Loan Modification Help Center – Is It Too Late for a Loan Modification?

Your spouse lost her job, your wages were cut, you got behind on the mortgage, then got even further behind and now you have received a foreclosure notice in the mail.  You start to question whether or not you have options, and whether or not it is worth even putting up a fight any longer.

Truth is, it is not too late.  A loan modification could help you, and a California home loan modification attorney could work with you to stop that foreclosure dead in its tracks.  The common myth about loan modifications is that once the wheels of foreclosure have begun to spin there is nothing you can do to stop them.  However, as long as you still reside in the home, meaning that you have not voluntarily abandoned it, or that the home has not been sold at auction, you may still have time to work out a loan modification with your lender.  The sooner you take action, the more options you will have available to you.  Time is of the essence, but you must contact your California home loan modification attorney to see what your options are.

Demonstrating a good faith effort by contacting your lender can often buy you extra time.  Banks and lenders suffer a financial loss on most foreclosures, and are willing to discuss loan modifications, even late into the foreclosure process.

California loan modification attorneys understand the complex nature of loan modifications, and have intimate knowledge of lenders, banks, the foreclosure process and other options available to you.  Without this knowledge, the sense of hopelessness associated with foreclosure may lead you to make a poor decision.  Truth be told, foreclosure is only a term, and until your home is auctioned off (or until you walk away) you are still in control.

In fact, loan modifications are becoming so vital to the real estate industry, banks, lenders, mortgage companies and America in general, that numerous business associations are calling for greater access to them.  For example, the American Society of Appraisers is calling for more loan modifications throughout the country.  Various industries are calling for the same thing, because loan modifications are keeping people in their homes.  Hardly anyone is well-served by millions of homes going into foreclosure, leaving people on the street, living with their parents or without a hope.

There are tens of thousands of stories about people living in California who were able to stay in their homes, avoid foreclosure and live there they wanted to.  One small business owner had prostate cancer and fell eight months behind on his mortgage on a house he had owned for 20 years.  A California loan modification attorney stopped the foreclosure auction, cut his interest rate by more than 7% and the monthly payment by more than ,800.  Another story about a mother of two from the Inland Empire who was also a widow was almost heartbreaking, until a California home loan modification attorney helped her cut her payments in half.

Stories such as this are true, and could be your story, but only if you act quickly and find out what your options are.

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.

Feldman Law Center – Loan Modification FAQs

You may have a number of questions regarding loan modifications and how they can help you avoid foreclosure.  Loan modifications have been all over the news lately.  President Obama has passed major, historic legislation giving homeowners more access to loan modifications; the California legislature has also passed legislation promoting loan modifications.

Here are some questions and some answers for loan modifications:

Q: What is a loan modification?

A: A loan modification is an agreement between a lender and a borrower to change the original terms of a loan in order to make payments more affordable.  For homeowners, a California loan modification could be a way to stay in their home.  A loan modification attorney can be a major asset when trying to get a loan modification.

Q: How can a loan modification be accomplished?

A: There are actually a number of different ways to get a loan modification.  The interest rate on a loan can be either lowered temporarily, or permanently set at a lower rate.  An adjustable rate could be set to a fixed rate.  The term of the loan could be changed, from say 30 years to 40 years.  There could be a principal reduction of the loan amount.  There are other ways and you could also have any combination of options.  All of this is geared towards lowering your monthly payments and making your mortgage more affordable.

Q: How common are loan modifications?

A: As the real estate crisis continues, loan modifications are becoming increasingly common.  Loan modifications have been around for a very long time, but only when many people are in danger of losing their homes does everyone begin to ask questions.  Some think loan modifications are a new invention, or a scam, but people with mortgages have been getting loan modifications for quite a while.

Q: Does the federal of California state government play a role in loan modifications?

A: As so many people are suffering due to the economic crisis, President Obama and the California legislature have passed various laws pressuring lenders to offer loan modifications.  Lenders are not opposed to loan modifications, especially at a time when so many Americans are facing foreclosure.  A foreclosure hurts the banks’ bottom lines, and the industry has already seen hundreds of billions of dollars in financial loss due to the mortgage crisis.  California passed a law in 2008 promoting loan modifications, and in early 2009 President Obama wasted no time in helping people get the loan modifications they need to stay in their homes.  With Freddie Mac and Fannie Mae in serious trouble due to foreclosures (both of which are federal entities), it behooves the federal government to act that much quicker in saving people’s livelihood.

As you can see, there is a lot of information out there on mortgage loan modifications, and many people are unaware as to whether or not they qualify.  If you are facing foreclosure or facing another financial crisis, contact a qualified California home loan modification attorney today and get “in the know.”

Visit us at http://www.feldmanlawcenter.com or call 800-588-0425.

Feldman Law Center – Loan Modifications Ramped Up by Government

The world of loan modifications is ever changing, and proof positive is the federal government’s ever-expanding role in influencing banks to offer loan modifications.  It was recently reported that the government is frustrated with the progress of their federal loan modification program, and are trying to influence major banks to increase the number of loan modifications for homeowners.  Of course, increasing the number of loan modifications means relaxing the standards which they are currently using to allow for mortgage loan modifications.

Banks such as Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo were all summoned to a meeting in Washington, D.C. to discuss ways to improve the federal loan modification program, which was announced in February 2009.  The Obama Administration put a great deal of effort and hope into the program, but it has not yet produced the kinds of results people thought it would.  The administration’s goal is to complete 500,000 trial loan modifications, although some analysts fear this is far too optimistic.  The government has discussed ways to expand the program, including ways to simultaneously modify mortgages and home equity loans.  When President Obama took office earlier this year, the number of foreclosures was sky rocketing due in large part to the subprime mortgage crisis and the adjustable rate mortgages (ARMs) which were offered so rampantly.  As a result, millions of Americans were losing their homes and the government felt it needed to intervene.

While the level of government involvement is new, loan modifications, are nothing new.  California loan modification attorneys have been helping people stay in their homes for years, by helping them get home loan modifications without government interference.  Millions of people throughout California have used California loan modification attorneys for their California home loan modifications because attorneys carry a special place in our current culture.  When a loan modification attorney calls a bank or lender, they get a much quicker response because they have the law on their side.  When people try to handle loan modifications on their own, they usually do not know what they are doing exactly and can make many mistakes as a result.

The recent government programs have helped a few people, but since the banks all have huge bureaucracies and the federal government is one giant bureaucracy, people often get lost in process.  Trying to call the federal loan modification program hotline can cause major headaches, and trying to get one huge bureaucracy to call another huge bureaucracy can take months and months.  While it is encouraging that the federal government is trying to help the average homeowner, a loan modification attorney can get better results in less time.

A loan modification can help adjust a number of mortgage terms to lower your monthly mortgage payment, thus allowing you an affordable payment you can pay consistently.  California loan modification attorneys, such as those at the Feldman Law Center, have years of experience in helping people avoid foreclosure and stay in their homes.  Our loan modification attorney team is highly skilled in helping California homeowners in avoiding foreclosure, avoiding bankruptcy, avoiding a short sale and avoiding the “just walk away” option.

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.

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.