What Should a Homeowner Do When they Need Help?

Posted by on September 5th, 2008 at 04:41pm

wrote an interesting post today on
Here’s a quick excerpt
 

A large proportion of our applicant’s these days is from home owners with serious financial problems in addition to their mortgage. In most cases, we find we can help them with solid legal advice for free. If there is a potential for a favorable result with a modification clients will normally retain our services rather than go it alone or use an attorney based stop foreclosure company. The lenders and loan servicers seem to listen to a Law Office.
A Common Problem
In many cases its common the borrower has two mortgages which add to an amount which exceeds of the value of the property, and can no longer afford both payments. If the same lender holds both mortgages, and if the borrower can afford a reduced payment, his objective should be to persuade the mortgage lender to modify the notes to lower the payments. Normally forgiving the 2nd mortgage or modifying […]

Read the rest of this great post here

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