Home mortgage help is available for homeowners facing financial difficulties. You have options that can lower your monthly mortgage payments and get into more stable loans at today’s low rates. And for those homeowners for whom home ownership is no longer affordable or desirable, Debt Help Lawyers can provide a way out which avoids foreclosure.
Adjust Your Mortgage
Lenders may adjust your mortgage in response to your long-term inability to repay the loan. Loan adjustments may (1) reduce the interest rate (2) reduce the principal balance and (3) change the term of the loan, or any combination of the three. Lenders are often open to adjusting a loan because the cost of doing so is less than the cost of default or foreclosure.
A loan adjustment agreement is different from forbearance. Forbearance is a repayment plan which provides short-term relief for borrowers who have temporary financial problems, whereas loan adjustment is a long-term, permanent solution for borrowers who will never be able to repay their existing loan. Reworking your mortgage may be the only way to save the biggest investment of your life, your home. Negotiating a loan adjustment of your home loan can be an overwhelming process for many homeowners, which is why retaining the services of Debt Help Lawyers, rather than a non attorney loan adjustment company, is imperative.
A short sale is a sale of real estate where the proceeds from the sale fall short of the balance owed on the property’s loan. In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the mortgagor. The home is sold for less than the outstanding balance of the loan, and the proceeds of the sale go to the lender. A short sale typically prevents a home foreclosure, but the decision to do a short sale is often decided by the lender based on the best way for the bank to recover the amount owed on the property. For the home owner, advantages include avoiding a foreclosure on their credit history and at least partial control of the monetary deficiency. A short sale is also typically faster and less expensive than a foreclosure.
Foreclosure defense describes a set of legal tactics and strategies Debt Help Lawyers use to fight and defend lender foreclosure actions. Foreclosure defense involves fighting both judicial and non-judicial foreclosures of property wherein borrowers and their attorneys deny the legal claims or authority of the lender to foreclose. Common strategies include making lenders produce the note; the use of the Truth in Lending Act (TILA); rescission; predatory lending and predatory servicing; fraud; breaks in chain of title; and other tactics.
Debt Settlement Laws
Federal and state specific debt laws affecting debt settlement or debt negotiation.
Credit Card Debt Relief
Legal Help for credit card debt help and credit card debt settlement. We have years of experience and a proven track record in credit card debt settlement.
Home Mortgage Help may not be available to everyone. Other Debt Help Lawyers services include the negotiation and settlement of unsecured debts, and also analyzing whether your fair debt collection rights are being violated. Depending upon your circumstances, a defense against pending lawsuits or garnishments may also be available. Under the LawCent- Post-Paid Legal Services Program, debt collector interventions, validations and disputes, credit card billing disputes, and other consumer financial legal services, may also be available. Chapter 7 or 13 Bankruptcy help may also be available.