Five Reasons Why Attorney-driven Foreclosure Help Is A Homeowners Best Bet

By Author: michael ryson
Total Articles: 15
Comment this article

The Foreclosure Law Center has been helping homeowners across the country to stay in their homes and have affordable monthly mortgage payments.

Many homeowners try to negotiate loan modifications with their lenders on their own, but having legal representation may dramatically increase your chances of securing foreclosure helpdramatically, and here’s why:

1. Lenders tend to be much more responsive and cooperative when a borrower has legal representation.

2. Attorneys operating in this space have a deep understanding of the legal intricacies, technicalities and seemingly infinite regulations related to loan modifications, as well as the homeowner’s legal rights related thereto.

3. Attorneys have the specialized skill, expertise and experience required to aggressively negotiate the best possible foreclosure helpterms for the client.

4. Attorney-written loan modification requests often receive higher priority routing, leading to expedited responses and at a higher level, often directly with the bank’s legal department or a senior-level asset manager, ...
... thus circumventing lower level, slower moving junior loan modification personnel who typically conduct the initial reviews.

5. Loan modification attorneys have an in-depth understanding of consumer protection laws such as the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). An attorney can also best determine if a broker or lender violated any state or federal law when originating a home mortgage, or if there was any activity that can be deemed loan fraud or predatory lending practice, with the Forensic Loan Audit. If so, an attorney can best capitalize on the indiscretion – and the threat of costly litigation related thereto – to negotiate a desirable outcome for the homeowner.

Need help with foreclosure?

Call The Foreclosure Law Center, P.C. today for a free mortgage evaluation at 1-888-600-5505

U.S. Foreclosures Up For The 2nd Straight Month In A Row:

It’s no secret that homeowners throughout the country have been hit hard withforeclosure over the past few years, even more so in the last 14 months between the robosigning scandal and recent fraud settlement.

Homeowners need help with foreclosuremore than ever.

For the second month in a row, foreclosure rates were reported to be up higher than ever, according to RealtyTrac.

“U.S. foreclosure starts rose year-over-year in June for the second consecutive month, as banks continued to clear their backlog of inventory after a nationwide mortgage abuse settlement, data firm RealtyTrac said on Thursday,” according to an Reuters article.

It was reported that the rate for homeowners in California who need foreclosure help rose 18 percent in June.

RealtyTrac’s midyear report showed 1,045,801 properties with foreclosure filings, and that’s only the first half of the year.

“The average length of the foreclosure process rose to 378 days in the second quarter, up from 370 in the first quarter and the highest quarterly average since the first quarter of 2007,” as reported by Reuters.

The backlog of foreclosures isn’t over yet, but legal representation may help millions of homeowners out of foreclosure before it’s too late.

The Foreclosure Law Center has helped thousands of clients nationwide out of foreclosure and stay put in their homes.

Call The Foreclosure Law Center today for a free consultation and mortgage evaluation at 1-888-600-5505.

If you you are behind on your mortgage payments, then The Foreclosure Law Center can help you. For more details about The Foreclosure Law Center Complaints, please visit us online.