Thank you, Brett, for everything! You deserve for all to know how good & honest you are, and how much RMC cares. Thanks to you, we have kept our home.
A good mortgage modification can allow you to stay in your home if it results in a payment package that is affordable for the long run. Many new mortgage loan modifications are re-defaulting within 6 months of receiving their new modified terms. This means that most modifications are not being modified to a degree that is affordable on an ongoing basis. This is mainly due to homeowners that do not have legal representation, and are unable to properly present their situation to their lenders in order to get an adequate loan modification. Our legal team fights to get you the best possible mortgage loan modification with a low monthly payment, affordable for the long term.
Fighting for a home loan modification is much like going to court. You may think you are saving money by representing yourself, or you can invest in professional representation and get the best results possible. The home loan modification process can be complicated and time consuming, but with a capable loan modification attorney, legal team, and professional negotiators, you can be assured of a successful outcome.
Our firm offers Forensic Mortgage Auditing to evaluate your mortgage to determine if you are a victim of mortgage fraud. Our mortgage audit service fully investigates your mortgage history for evidence of robo-signing, fraudulent loan cancelations & transfers, and can even determine whether your lender has the jurisdiction to foreclose on your loan.
Also known as a real estate short pay-off or a pre-foreclosure workout, a short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure. In cases of government insured loans, there may even be relocation money availabvle to the homeowner.
Loss Mitigation is one of several processes designed to minimize the damage caused by defaulting mortgage loans. Often backed by an attorney or firm, it involves negotiations between the lender and the borrower that binds them to new, more manageable terms. These terms are aimed at preventing foreclosure and lessen the damage incurred by both parties.
A new plan to help struggling homeowners to lower their mortgage payments through bankruptcy courts recently won House approval after reports revealed that foreclosures and past-due home loans hit a record 5.4 million this past year. A Bankruptcy Loan Modification allows bankruptcy judges the power to reduce the interest rates and principle on a home mortgage combined with other debts in chapter 13 Bankruptcy.