Foreclosure Defense and Loan Compliance
Once you have received a Notice of Default (NOD), or a notice of filed foreclosure, only a mortgage mitigation attorney can effectively protect your interests. Once you have reached this stage, having a proven attorney representing you who specializes if foreclosure defense and loan modification can be the difference between keeping your home with affordable payments or losing it to foreclosure. The attorneys promoted by MRP have effectively helped thousands of clients keep their homes, saving them millions of dollars. Your home is one of your most valuable assets! Don't take chances when it comes to protecting it!
MRP provides access to attorney representation for comprehensive mortgage relief assistance, including foreclosure defense, loan modification, and mortgage mitigation in the following states:
AL, AZ, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NJ, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY . (This list is subject to change)
Do you remember the Real Estate and Mortgage boom of the early and mid 2000’s? At its height, it seemed like everyone was getting into the business. Interest rates were low, home values were soaring, and some lenders were willing to give a mortgage loan to just about anyone with their “stated income” loan products. In this flurry, a multitude of homeowners were victimized by excessive fees, deceptive and predatory loan practices, and fraud. In addition, with so many loans being processed so quickly, compliance with federal and state laws and procedures was often simply overlooked.
A Mortgage Loan Compliance Analysis is performed by all of our legal service providers as a crucial part of the mortgage mitigation process. This analysis is designed to expose any and all legal violations that were committed against the borrower during the loan process. Our Attorneys and their staff have developed a process which is layered to verify compliance with the following laws and regulations:
Loan Modification and Mortgage Relief Programs
When appropriate, a loan modification is indicated as the solution to a troubled mortgage. This is the most common type of mortgage relief assistance available today. A loan modification is a temporary or permanent change in one or more of the terms of a loan which allows the loan to be reinstated. This modification results in a lower payment that the borrower can afford. In most cases, a homeowner that can demonstrate need of assistance will qualify for a loan modification. A loan modification is appropriate when the original loan that is secured by the residence has terms that make it difficult or impossible for the homeowner to continue making the monthly payments, therein creating a risk that the residence will be lost. Loan modifications are not the same as debt consolidations, refinance loans, or forbearances. Loan modifications are long term solutions which seek to prevent hardship from threatening the budget of a homeowner. The following list below provides some examples of ways that a mortgage loan can be modified:
Our objective is to keep every homeowner in their home who wishes to stay in their home. However, sometimes a homeowner no longer wishes to stay in their home and/or there are other circumstances which make that impossible. In these instances, we will negotiate on your behalf to resolve your mortgage in a manner which can save you and your family from a great deal of ongoing grief, expense, and damage to your credit. We will also negotiate on your behalf to orchestrate a smooth transition which allows you additional time and cash for moving expenses. These solutions may include any of the following elements:
- Deed in Lieu of Foreclosure
- Deficiency Balance Settlement
- Short Payoff/Sale
- Additional Time