There are several options for a homeowner facing foreclosure. The most important thing is to be properly educated so you can make an informed and educated decision. Trying to save your home or hiring an attorney may not be your best option, Please review the following options.

Short Sale – A short sale generally is executed to stop a property foreclosure. Often a bank will select to allow a short sale if they think that it will result in a smaller monetary loss than foreclosing. The downside to a short sale is that it takes time to sell a home even at a bargain in such a defunct housing market. You’ll find foreclosures on each block, housing costs are at rock bottom, selling a short sale property at times can be tough and can leave you with tax obligations. The entire time the residence is in the marketplace you might be still responsible for your mortgage payment, taxes, and insurance.

Walk Away- We know that saving your property is probably your top priority, so do not walk away from your property until you assess all options. There are a lot of foreclosure help and mortgage relief programs which will help you save your residence. Several homeowners walk away from their property if they’ve a large amount of negative house equity or have grown to be so late on their mortgage that there seems to be no hope. There’s hope and doing nothing to save your property might be the greatest mistake of your life. Home ownership can be the key to monetary freedom and; a stable family. Find out about your options before you walk away from your property.

Fight Back! : Please remember this is your home, this is precious to you and your family. Why would you allow a bank that has broken laws in the origination and/or the servicing of your loan to just take it back? Our process is much different from any other law firm , We do not go by your lenders guidelines or beg for mercy. We find the laws your lender has broke and use them as leverage to demand settlement in your state ordered mediation.

We Help Home Owners avoid foreclosure and save their home through Affirmative Foreclosure defense.
This is a legal issue, your bank has legal representation you should also have a legal specialist representing you throughout this legal process.

We are much different than other law firms or companies,we do not go to your lender with a hardship letter asking for help. Your lender is not your friend and they are here to make money not give it away. If you have tried to deal with your lender I’m sure you have sat on the phone for hours on end and gotten no where. Lenders legally have to answer us and our requests or they will never be able to move forward with the foreclosure process. You have rights that we are here to protect.

First step of process:

According to the FDCPA A borrower has to verify the debt before being able to foreclose on property. We use a “QWR” Qualified written request. This exercises your rights as a consumer in obtaining approximately 40 documents from your lender to ensure they originated serviced and maintained your loan in a compliant fashion. Your lender has to prove they have the rights or ownership to your mortgage. This is done with a promissory note. In over 40% of mortgages the lender can not produce the promissory note. Banks are poor record keepers and base their business on high volume and default judgements. This is to your advantage.

The lender has 20 days to acknowledge receipt of the QWR and 60 days to comply. After the date of acknowledgement the lender can not accept payments or hurt credit under FCRA until the QWR is complied with.

Next step: Forensic audit :

The law firm performs a pre-funding and post funding audit on all documents provided by the lender. Over 80% of mortgages have violations. Performing and audit will find the laws the lender has broken in originating or servicing your loan. We will use these violations as leverage at mediation in order to obtain a settlement.

Third step: Mediation:

New state law requires a lender must schedule and pay for a mediation before foreclosing on a home. Many consumers are not aware of this and miss mediation by not answering phone calls or letters. The bank has attorneys preparing legal documents for this mediation you should have an attorney with experience representing you also. This is a legal issue that you will have to face now or in the future. Mediation is the process of you and your lender coming to a resolution that is fair for all parties involved.
Last step: Settlement:

A settlement is the outcome of mediation. A settlement is not based on the lenders guidelines or your credit score, it is simply a modification of terms that will fit your financial needs and is fair to to the lender.