5 things you should know about the new initiative Make Homes Affordable Plan.

1. The person applying for the mortgage loan modification must live in the home concerned. The government has introduced this scheme in order to help individuals in difficulty, not to help investors make money.
2. The applicant, if they are eligible, will be able to reduce their monthly payment to 31% of their gross income (before taxes).
3. The mortgage loan modification is only available for homes that were purchased before 2009.
4. You must be up to date with your mortgage payments. But you must also be able to show that you are struggling to keep up with your repayments due to the current economic climate.
5. You must not be in a negative equity situation, meaning that your home should be valued at more or equal to your debt to the lender.

If you find yourself in difficulty meeting your mortgage payments, a mortgage loan modification under the new Make Homes Affordable Initiative could be just the type of help needed to see you through these difficult times. You have nothing to lose by finding out if you meet the required criteria in order to take advantage of this scheme. You can do on your own or hire a Loan Modification Attorney who will most likely negotiate the very lowest payments on your behalf.

Even attorneys working in other fields, will hire a specialist within this arena, as you may be dealing with your largest asset and moving to another home is expensive. In fact the rental cost could very well be larger, plus staying where you know all about your home neighborhood , schools and shopping.

Most knowledgeable agree it would be better advised to seek a Foreclosure Defense Attorney to work on your behalf and get things in much faster way to protect your home.

The question becomes how to go find a Foreclosure Defense Attorney?

There are a few tips you can use.

The first thing you must consider how readily available are they?

Are they someone that answers the phone?

If you leave a message, how long does it take to get back to you? You want a company to quickly respond, as once you have received a notice of default, quick action is required.

Is the Foreclosure Defense Attorney well established with at least 15-yerars in real estate litigation, have a department to handle this they should have zero complaints with the state bar.

What is their tract record within this most specialized field?

Do they offer free a consultation that will answer all of your questions?

Despite, what you may read elsewhere, this is not the end but rather a “wake up call.” A notice of default is simply your lender telling you what payments on your mortgage you have missed, the amount owing and the legal costs of getting the notice prepared.

The official definition, for those interested, is: “a notice to a borrower with property as security under a mortgage or deed of trust that he/she is delinquent in payments. If the delinquency (money owed and late), plus costs of preparing the legal papers for the default, is not paid within a certain time, foreclosure proceedings may be commenced. Other people with funds secured by the same property are usually entitled to receive copies of the notice of default.”

So, in plain language, what does this mean for someone receiving this type of letter? It is the first step and an attempt by the lender to give you a chance to catch up on your payments, work out a payment schedule, or meet with them to try and make a change in the terms of the loan (also called a loan modification).

The very worst thing you can do is ignore it. Take it seriously; as if the lender does not hear from you, they may begin foreclosure proceedings. If you take a notice of default seriously, and hire an attorney, then you will find that you will keep your home.

Why us?

We are a company who specialize in loan modification. We are familiar with the various lending institutions and will be able to approach them on your behalf to open negotiations to find a solution that is acceptable to both sides. After an initial consultation with you we will be able to formulate a plan to put to your lender in order to open the negotiations.

Our clients are encouraged to let us handle everything and let us minimize their stress by finding the best possible solution to bring about a successful conclusion. In order to determine if a client is eligible for the new loan modification scheme we will gather the information and advise them on the best way forward to avoid a foreclosure being filed. Once we have all the documentary evidence that is required we will meet with the lender and outline our proposal to avoid a foreclosure. In most cases we are able to convince the lender that it is their best interest to accept a loan modification.

Why Not Deal With My Own Lender

Would you represent yourself in a criminal court and hope to be acquitted? Would you just turn up in court and hope that no-one asks you any questions that you can’t answer? No, of course you wouldn’t. That is exactly why you should hire a loan modification attorney to deal with your application to your lender. It is the attorney who would answer any difficult questions on your behalf, he would know the right people to speak to in order to reach a successful conclusion and what documentation is required to support your application. In order to do all this yourself you would need to find out who is the decision maker in your bank or loan company, you would need to find out what paperwork is required, you would need to know how to prepare a document to show your financial situation etc. Surely it makes more sense to hire someone who has already had experience in dealing with this sort of thing. It will relieve you of any stress and worry by knowing that you have someone who cares that the eventual outcome is in your favour.

So, if you find yourself facing the threat of foreclosure, do something about it now – don’t wait until it is too late. Get in touch with us and together we will sort out your problem, stop the foreclosure, do a Ft Lauderdale Loan Modification so you can get on with your life and live it as stress free as possible.

According to Mortgage Bankers Association (MBA), it is no longer a delusion that one in eight American home today, will be late on their mortgage payments, or already in foreclosure because of the increasing job losses that cause homeowners and property investors to be in much strife. Mortgage holders often will not hear much from a person trying to negotiate on behalf of their home, simply because they are interested in profits as their main objective. Even if you have decided to use bankruptcy as a means to avoid foreclosure, it may not resolve anything. As according to an American Bar Association, 95% of homeowners who declare bankruptcy still end up losing their homes to foreclosure. Using bankruptcy is counterproductive as you will probably end with a bad credit report with both bankruptcy and foreclosure on it.

Please note, you are not powerless to protect your family home or investments. The use of a loan modification attorney is a great way as a defense against foreclosure, with a skilled attorney who negotiates and works alongside your mortgage lender to prevent you from going into foreclosure. You deserve someone on your side to do the tough talk and work FOR YOU, because the mortgage lenders definitely won’t stop foreclosure for you!

Having a loan modification attorney to do a Ft Lauderdale Stop Foreclosure is a lot better than defending yourself in court as it’s evident that the Supreme Court acknowledges that “even a skilled lawyer is at a disadvantage in contested litigation when they represent themselves”. This is just a fact, so learn what to do, and you can ultimately win. A loan modification attorney is an attorney with the specialized skills and experience to negotiate the terms of your loan with your mortgage holder. They have the expertise and also the established relationships with top banks to negotiate in a way that less competent people will find hard to match. With such a serious matter at hand, a true professional working with you, for you, is often the best way to stop foreclosure in its tracks

No matter what your personal situation maybe, and no matter how many payments you might be behind. With the help of a Ft Lauderdale foreclosure defense attorney, there is a way to save your family home or investment asset – and ultimately save years of hard work you put into growing your portfolio.

Foreclosure defense is essential as mortgage lenders will most probably be equipped with a whole team of specialists and very experienced attorneys. A foreclosure defense attorney is an assessable and very feasible way in which you can increase your chance of success against these, sometime “giant” mortgage lenders. A foreclose defense attorney is here to work for you, to save your family home or investment, as a way to increase your chances of fighting against foreclose, and to stop foreclosure.

The foreclosure defense attorney is also known as a loan modification attorney. A modification attorney is a specialized attorney in foreclosure defense that will negotiate on your behalf, as a defense against foreclosure. With a good foreclosure attorney, you do not need any specific kind of loan to qualify; you will not need to declare bankrupt; you should not need to pay fees to only have nothing happen; and most importantly, you should not be forced to do any actions that do not serve your purpose – to defend your foreclosure. A good loan modification attorney will be working for you, on your side. They should use their experience, specialist skills, and industry connections with banks and mortgage lenders to do what other less skilled attorneys cannot – to stop foreclosure.

Ways in which a Ft Lauderdale foreclosure defense attorney can help in the loan modification process can include, and is not limited to: lowering your monthly payments, lowering your interest rate, fixing your adjustable rate, possibly reducing your loan balance or negatively accrued interest, or securing you extension on payments. Imagine, wouldn’t any of the above options provided to you possibly give you great relief as a defense against foreclosure? Don’t you deserve a fighting chance against foreclosure? A loan modification attorney could just be the answer to saving your home.