Modification: Debt Consolidation Can Help
March 26, 2009
Good Afternoon,
Loan Audit Specialist is now offering debt consolidation services. This service has no out of the pocket expense and helps relieve some of the financial burden most people are currently facing. It is also useful for modifications as it frees up income to support a sustainable rate on your modified loan. Please feel free to contact me if you have questions.
As most of you have experienced, getting help or information from lenders is virtually impossible. Obama’s Mortgage Relief Act, “Making Homes Affordable” is set to help only a small portion of those in foreclosure crisis. It does not include income properties or rentals, and remains lender approved. The guidelines are vague at this point and without an expert working on your behalf, you cannot be sure you are reaping the full benefits allowed by the government mortgage relief plan or any lender proposed modification.
My advice, as a former teacher, home advocate, and loan auditor, is to use a Bar Associated Real Estate Attorney for ANY matters concerning your home loan, mortgage, or foreclosure. The complexities of the loan documents make it close to impossible to understand what is in your current loan documents or in a modification offer. Offers from lenders, if you are even able to get one, are often filled with hidden fees and principal increases. They generally charge a substantial fee for short term relief, which puts you back in a worse situation down the road.
Most people use an attorney for all their important contracts and matters such as divorce, a will, bankruptcy, and criminal offenses. Saving your home should be at the top of that list. Your lender is certainly not going to give you information about federal violations found in your loan. So called “modification companies” have no legal backing to work directly with the legal/loss mitigation departments of your lender, and neither has the expertise or understanding of contract law and Obama’s Mortgage Relief Act, than a Harvard Graduate, experienced, Bar Associated, real estate law attorney.
Many people ask if they can negotiate a modification/repayment plan/short sale with their lender themselves. The answer is yes; of course someone could try do it for themselves. However, unless the person has extensive experience in Real Estate, Mortgage Banking, Servicing and Contract Law it is not advisable. Most homeowners get denied for invalid reasons, after they have exhausted their financial resources waiting. It is much like representing yourself in court without an attorney. Possible, but not a good idea by anyone’s account.
The only way to represent your best interest in your most valuable asset is a licensed, certified Real Estate Attorney, whose record you can verify on the Bar Website. A legal ally who will uncover federal violations in your loan, present documented financial hardships, and have the power of legal action against your lender to bring about the most favorable result for you, the homeowner. I urge you to consider this information before making this crucial decision for you and your family.
Loan Audit Specialists cares and understands the current mortgage crisis and the government program better than anyone. Our office is able to service all your audit and Loan modification questions and needs in a boutique care, personalized, understanding environment. I am readily available by e-mail and phone explain the process, which we have streamlined using our personal and professional experiences working as the pioneers of Loan Modification.
Our preferred Law Office is Graham and Martin LLP. Anthony Graham is a Harvard Law Graduate, BAR Certified, Licensed, Real Estate and Contract Law Attorney, with an outstanding record and success rate. This can be verified through the calbar.ca.gov website as well as other Attorney Rating Sites.
Please feel free to contact me, Mark Lee, if I can answer any question or concerns you may have. Whether you choose our services or not, we are here to educate and relay the information homeowners need to make an informed decision. Remember NO ONE can offer any guarantees for a modification, so it is most important to choose someone who has the specialty experience, the power to litigate on your behalf, and the greatest possibility for success.
Sincerely,
Mark Lee
Office 877-866-6244
Cell 951-284-8346 afterhours
Please feel free to forward and share this information with those in need
