There are many errors and violations made by lenders with regard to mortgage documents. In fact, it is extremely common to find violations that lenders have made in connection with TILA, RESPA and HOEPA laws. Most loans have some violations.  If you are behind in your mortgage payments, you may be able to use your lender’s practices of committing violations in mortgage laws as leverage to resolve your delinquent mortgage situation and obtain a loan modification.
A loan modification law firm such as the American Residential Law Group is experienced in …

Anyone who watches the news or reads the newspaper is going to know all about the current crisis in the mortgage industry. More than eight million sub-prime loans were authorized and a huge number of them have either ended in foreclosure, or are currently at risk of doing so. While many banks are willing to refinance a loan or even offer a second mortgage that allows the homeowner to “catch up”, the United States government is advocating loan modifications through one of the programs that they have recently funded.
Roughly $75 …

Millions of homeowners are struggling right now to make their mortgage payments. However, many make the following mistakes. The end result is that they lose their homes to foreclosure. Most foreclosures can be prevented if you start early. Lenders have too many foreclosed homes on their books right now and are not interested in being in the real estate business. So here are some mistakes that you want to avoid making:
Mistake #1
Do nothing. This is the worst mistake that most homeowners do. They feel helpless, …

With the government’s new Home Affordability Mortgage Modification Plan, many Americans will be able to save their home from foreclosure.  In the past, the modifications have not been working very well, but there is hope that with the new guidelines established under the plan, they will help homeowners with affordable mortgage payments that they can keep making every month.
Q: How Do I Apply for a Loan Modification?
A: Working with a mortgage loan modification company or consulting with your attorney will facilitate your application process.  Since mortgage modification companies are experts …

Both mortgage modifications companies and real estate attorneys are qualified to negotiate a mortgage modification for you. So why would you choose one over the other? Here are some factors to think about in making your choice.
Mortgage Modification Company
A mortgage modification company negotiates mortgage modifications and refinances on a daily basis. If fact, many of the people who work for the companies are former mortgage brokers and Realtors. Since they are experienced and knowledgeable about the mortgage industry, it is natural that they will be able to help …