A loan modification law firm such as the American Residential Law Group is experienced in forensic loan audits.  Hiring an experienced mortgage modification firm such as the American Residential Law Group is smart because they can help you to determine if there are violations of Federal laws by your mortgage company by reviewing your loan documents.  If the forensic audit reveals that your lender has violated federal mortgage laws, then your loan modification attorney can use this as leverage in negotiating a mortgage modification on your behalf.    If you are interested in a mortgage modification, and you don’t know where to turn, a mortgage modification law firm such as the American Residential Law Group is a good place to start.

Benefit of Using a Mortgage Modification Attorney

Mortgage modification attorneys are helping thousands of homeowners in similar situations as yourself obtain mortgage modifications so that they can save their homes from foreclosure and negotiate more favorable mortgage terms and interest rates. Lenders face fines and penalties for violating mortgage laws so they would much rather work with you to find a resolution that works for everyone. The loan modification can reduce your monthly payment to an affordable one and also extend your loan term. The lender may also agree to forbearance.  You have options and choices and a loan modification attorney can advise you of the best ones for your financial situation.

Don’t Waste Time

Since time is of the essence, you should not waste a moment of it. You may be able to keep your home and not make any mortgage payments while your loan modification attorney is negotiating a resolution of your mortgage with your lender. Under the government’s Home Affordable Modification Program (HAMP), you may be eligible for a mortgage modification on our primary residence.  An experienced mortgage modification law firm has established relationships with various lenders’ loss mitigation departments and knows the right person to speak to, saving you time and money.   The longer you wait and do nothing, the more chance you have of losing your home to foreclosure.    By hiring a loan modification attorney, you increase your odds of keeping your home and obtaining a mortgage modification.

You have options to save your home, and a loan modification attorney is the only person who can legally represent you. Why take a change in losing your home, when you can keep it with a mortgage modification?

American Residential Law Group

The American Residential Law Group is a south florida based law firm providing client focused interdisciplinary services that result in hands on legal representation of our florida clients. The attorneys and staff for American Residential Law Group have been advocating for everyday people for 12 years in practice areas that encompass the full range of consumer legal services. Our attorneys are resourced and innovative in their respective areas of practice.

A home is a person’s most valuable asset.  It only makes sense that you would want to protect your asset. If you are falling behind in your mortgage payments or facing foreclosure, a loan modification attorney can protect your interests and help you stop foreclosure through loss mitigation.  Loss mitigation is a process that the lender and the federal government have gotten together to help homeowners find other options to keep their homes.

Loss Mitigation Process

Since most homeowners are not familiar with the loss mitigation process, it is extremely important that they hire a real estate attorney who can guide them through the process easily and quickly. You may only get one opportunity at loss mitigation so you want to do it right the first time. An attorney is experienced with negotiating loss mitigation resolutions with lenders and have a greater success rate than a homeowner who attempts to do so on their own.

Loss mitigation involves the following alternatives to foreclosure:

• Reinstatement
• Payment program
• Forbearance
• Deed in Lieu
• Short Sale

A mortgage modification can take 3-6 months to get approved. The attorney will prepare the application, authorization, hardship letter and submit the financial information required by your lender to help you negotiate the best rate and terms for your modification.

Why Choose a Real Estate Attorney to Help?

Real estate foreclosure defense attorneys can help negotiate the right solution for your financial situation by introducing you to programs that can help save your home. They also can represent you in court proceedings, write letters on your behalf and prepare the proper documentation as well as explain all your legal options to save your home from foreclosure.

Can You Afford a Lower Payment?

If you can afford a lower payment, then a mortgage modification is the right choice to save your home. A loan modification attorney has many years of experience negotiating with lenders, and knows how to get your payments lowered to ones that you can afford so you can keep your home.

If you don’t think you can afford a lower payment, the attorney can find another solution for you. A short sale may be the appropriate option in that case. The short sale takes awhile to get approved, but your attorney can negotiate that you just walk away after the closing without owing your lender any more money.  This way you can focus on more important things in your life.

It’s foolish not to at least speak to a foreclosure defense attorney .Many offer free consultations or reduced rates for initial consultations. Why risk losing your home when a foreclosure defense attorney can help you keep it or at the very worst delay the foreclosure proceedings so you can stay in your home and not have to make any payments.

The American Residential Law Group is a highly regarded law firm providing client-focused, interdisciplinary services that result in high-value legal counsel for our clients. Joel S. Jacobi, founder and lead attorney at the American Residential Law Group, has been advocating for everyday Americans for over 12 years in practice areas that encompass the full range of consumer legal services. Our attorneys are recognized in the industry as being insightful and innovative leaders in their respective areas of practice.

Excellence

As a law firm that realizes the direct impact we can have on the quality of life of each and every one of our clients, we are absolutely committed to go above and beyond for them and are determined to resolve the urgent legal matters they face. We execute this promise with excellence and integrity and by setting an exceptionally high standard of service and quality for each member of our team. Every member of the American Residential Law Group family, is asked to take a Pledge of Excellence where they resolve to uphold and abide by following American Residential Law Group core company values: Honesty, Respect, Timeliness, Diligence, Integrity, Empathy and Compassion.

Commitment and Ethics

From Legal Assistants to Veteran Attorneys, every staff member at the American Residential Law Group prides themselves on their unwavering commitment to serve clients well, being responsive, and conducting business and legal matters in accordance to the standards and code of ethics set forth by the Florida State Bar.

Customer Relationships

At the American Residential Law Group we strive to be a partner for each client throughout the course of their legal matter, answering any of their questions, doubts or concerns, so that they have a comfortable and comprehensive understanding of the entire process. Functioning as a symbiotic team, the American Residential Law Group harnesses the combined experienced possessed by attorneys and staff to provide valuable direction and advice for clients.

Diversity

Our firm is dedicated to cultivating an environment that embraces diversity reflective of our clients and our communities. Our commitment to building teams that mirror the rich cultural backgrounds of the communities in which we practice, is another way in which we truly add value and real-world understanding to our client relationships.

Charity

The American Residential Law Group is also committed to being engaged in the communities in which we live and work. Whether providing pro-bono legal services or volunteering at local charities, we encourage our attorneys to devote time, energy, and insights to the communities that we call home through active community involvement.

American Residential Law Group is truly dedicated to the interests of our clients, our people, and our communities. We strive to address their needs and meet their expectations efficiently and effectively — with our core values always at heart: Honesty, Respect, Timeliness, Diligence, Integrity, Empathy and Compassion.

The key components of President Obama’s foreclosure-avoidance program are loan modification and loan refinancing.

The details of this provision has created an extraordinary opportunity for millions of Americans to either re-finance or modify their existing mortgage.

Home Owners will receive an up-front fee of $1,000 for each modification.

They will also receive monthly cash incentives (as long as the borrower stays current on the loan) of up to $1,000 each year for three years.

The Fair Home Loan Bureau was established following the signing the of the economic stimulus bill to assist, defend, and protect American homeowners from loan modification fraud and abusive banking practices. Fair Home Loan Bureau advisors are available free-of-charge to Americans throughout the country.

It is recommended that no American should begin a loan modification without first consulting a Fair Home Loan Bureau advisor. Call the Fair Home Loan Bureau anytime at

Or for your convenience, you can request that a FHLB advisor call you be filling out the contact information below:

Roughly $75 billion dollars has been set aside strictly to help homeowners avoid foreclosure. While the programs that these funds support won’t be able to provide an answer to everyone in financial trouble, a huge swath of homeowners will be able to use the programs to renegotiate their loans and get “current” on their mortgages.

It helps to understand that the programs ask the consumer to still assume the financial responsibility for their homes, but to work with the bank or lender to make it a much more honest loan than it may have originally been. For example, a borrower may have taken a $350,000 mortgage without the income to actually fund such a loan. Luckily, there are many ways in which such a loan could be rewritten to make it payable by the borrower. For example, many of the problematic sub-prime loans extended what are now known as “teaser rates” that would get bumped up to exorbitantly high numbers after a short period of time.

For instance, that $350,000 loan many have been at 4% for the first five years and then become a variable rate without any kind of cap. This means that as interest rates soared, the borrower could see their loan jump from $700 per month to more than $2,000. Obviously that sort of discrepancy cannot be managed by even the tightest budget. A loan modification would turn that loan into a fixed rate mortgage for as long a period of time as possible – up to 40 years. That would make the monthly payment manageable for the homeowner, who could use a fixed and unwavering number to build their monthly budget for years to come.

This approach is much more preferable than a straight refinance because the bank would require a down payment and may not want to extend such a lengthy period to the borrower. The government supported loan modification programs generally force the banks to accept that a borrower needs the best terms possible.