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Loan Modification Attorney |
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Written by Administrator
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Friday, 12 September 2008 |
The Feldman Law Center was founded by Steven C. Feldman who has been licensed by the State Bar of California for over 25 years. We are consumer and homeowner advocates that will protect you and your home. The Law Offices were established to focus on real estate matters that include debt negotiation, predatory lending violations and settlements. Our primary mission is to provide our clients with proper legal advice and share our knowledge and expertise in the areas of real estate transactions, mortgage negotiations, loan modifications and debt settlement.
California Loan Modification Attorney
We are here to help stop foreclosures and fight mortgage fraud. In addition, we would like to assist in mitigating losses in the hard hit financial sector and restore stability to our banking industry. With our state of the art technology and professional staff of 35 Attorneys, paralegals, former bank underwriters, compliance officers, asset managers and real estate brokers we have the experience necessary to achieve the most dynamic resolutions available and help stop foreclosure in this troubled market, fast and effectively.
There simply is not one right solution for everyone, and no one can tell you what is right for you without thoroughly analyzing your financial situation, loan documents and legal rights. We understand the mortgage industry from years of experience and will use leverage to negotiate, not just submit a loan modification request that may be denied or ignored by your lender. If you are facing financial hardship and behind on your mortgage and or credit card payments you may need to file bankruptcy to help stop foreclosure and protect your home. Filing bankruptcy is normally not recommended unless found necessary to help avoid foreclosure and save your home. In most cases we can contact your lender and get them to delay the foreclosure process without filing bankruptcy so we can negotiate a "win win" resolution for both sides. Foreclosure is very costly for lenders, so in certain instances a deed in lieu, "cash for keys" or "walk away" may be the right solution to keep a foreclosure off your credit report.
A few possible solutions include: a loan modification or restructuring of your current loan to lower your mortgage payments, a recapitalization and a principal balance reduction, a rescission of your current loan (up to 3 years) or a lawsuit against the mortgage company for predatory lending violations if found by a forensic loan document audit.
Steven C. Feldman has experienced California bankruptcy and litigation Attorneys on staff in addition to real estate experts so all options can be fully explored. We will review your documents and demand compliance. We will evaluate your current financial situation and find you a realistic legal solution which meets your short and long term objectives.
If the property has become too much of a burden, there are always options which can allow a borrower to just "walk away" from the bad investment without it affecting their financial future through judgments, wage garnishments, bank levies, etc. Frequently this can be achieved through a deed in lieu of foreclosure or, alternatively, a short sale of the property. A hard money bad credit mortgage or FHA secure loan is sometimes an option and Bankruptcy is usually a last resort to protect your assets. For many clients, that means keeping them in their home at any cost, for others it means eliminating the burden of unaffordable debt and mortgage payments. Our relationships with mortgage lenders and loan servicing companies allows us to bypass overwhelmed loss mitigation personal and negotiate directly with asset and portfolio managers and your lenders legal department. We strive to achieve fast positive results for both sides. We have extensive backgrounds and are specifically trained in the intricacies of real estate, mortgage and debt negotiation and also provide FHA and conventional financing.
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Last Updated ( Friday, 26 September 2008 )
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