This program helps homeowners who may have a financial hardship but could afford their mortgage with a loan modification. We refer clients to a trusted attorney or law firm specializing in loan modification.

Benefits:

• Most loan types qualify
• Other legal services available, including bankruptcy
• Have legal representation for a fraction of the typical cost
• Available in Most States, including California
• Commercial Loans also accepted

Note: This program is usually the best option for homeowners that have a more complicated scenario, such as multiple properties, foreclosure, self-employed, or feel as if they were misrepresented; however, it’s not for homeowners who have very little or no income and would not be able to qualify for a loan modification. This program is best suited for homeowners who do not have significant negative equity in their properties, as principal reduction is only an option in very limited circumstances.

These laws protect homeowners, and the discovery and documentation of violations can be invaluable for homeowners trying to negotiate a mortgage or loan modification.  

For example, a violation to TILA, or the Truth in Lending Act, extends a borrower’s right to cancel from three days to three years.

In order to determine if your rights were violated, you may want to consider obtaining a forensic loan audit.