MRP Supports Additional Foreclosure Defense Attorneys
By: Michael Powers
As the demand for mortgage and foreclosure related legal services continues to rise, we have added added access to more foreclosure defense attorneys. With these new firms, MRP supports additional foreclosure defense attorneys in more than 43 states.
For more than 7 years, we have been promoting attorneys and law firms whose primary focus is foreclosure defense. They provide mortgage related legal services, like loan modification and foreclosure defense. We still promote some of the same firms today, and these attorneys have assisted thousands of homeowners. By using their knowledge of available programs and applicable homeowner protection laws, to persuade banks to find solutions. But, you can do everything right and still end up having to sue your lender.
Foreclosure Defense Litigation Attorneys
In these instances, homeowners are calling the lender’s bluff and taking them to court. For many of homeowners, this aggressive approach has proven effective in bringing a lender to the negotiating table. As a result, the vast majority of lawsuits against mortgage lenders are settled prior to trial. The fact is, trials are very expensive for both sides, and banks have even more to lose. Mortgage lenders have a great interest in preventing you from establishing case law which can be used by others. The Department of Justice Settlement, and the subsequent state laws protecting homeowner rights are giving homeowners legitimate legal grounds to sue their lenders.
The biggest mistake a homeowner can make is expecting a mortgage lender to help them. For the lender, it is simply a matter of business. They will do whatever will yield them the greatest profits. If you have equity in your home, your lender has even less incentive to help you. Many homeowners have relied on a lender’s promise and later found themselves in foreclosure. In other words, these homeowners have unwittingly put themselves into foreclosure by having acted in good faith.
Although these types of practices are now illegal, according to the Department of Justice Settlement of 2012, many lenders and servicers still engage in these practices with the hope that homeowners will simply fold after being worn down by the process. Unfortunately, it is true that very few homeowners will have both the initiative and resources necessary to sue. But, for those who have the resolve to fight for their home and their rights, MRP supports additional foreclosure defense attorneys that specifically practice in the area of individual lender litigation.