I cannot get my lender to talk to me. I have called them and they never return my calls. What can I do?

Taking legal action is your best recourse. Once you have met with our attorneys and they have determined the best path forward for your loan modification, your lender must deal with us.

What is the typical time it takes to get a home loan modification?

The process is dependent on your financial situation and the cooperation of the lender. The bottom line is most loan modifications can take anywhere from one moth to six months. Usually, when an experience law firm gets involved in the process, the lender will agree to stop the initiation of the foreclosure process and will begin the process of bringing both parties to a loan modification negotiation. Once the loan mod process has begun and the loan placed in dispute, you as the borrower are protected by law and the lenders can longer report negative information to the credit bureau.

I see all sorts of websites that say I can file forms on my own. Can't I handle this problem myself?

If you were injured in an auto accident or had other legal issues that were serious, you would obviously not want to represent yourself in court. As discussed in other areas of our website, some of the very lenders out there promising mortgage fixes are the same predators that help creating the mortgage crisis in the first place. The truth is that 7 out of every 10 'loan modifications' will likely fail and leave the consumer facing either bankruptcy or foreclosure. When you work with a bank or 'lender' you have placed yourself at a distinct disadvantage. You need a law firm experienced in real estate laws to keep you from making even more costly mistakes

Why do I need a law firm for my home loan modification?

Being in a position of financial default is serious enough, the stress it places on all aspects of your life is overwhelming. Taking your case to experienced real estate attorneys not only helps alleviate the stress, but you will no longer have to concern yourself with the minutia and details of the loan mod process. We have a team of experienced and aggressive real estate lawyers, who are knowledgeable in all areas of the new government mortgage plan�real estate laws and rules and regulations. Our firm has a vast amount of resources at our disposal and we are dedicated to providing outstanding service to our clients. With an intricate knowledge of the current foreclosure and bankruptcy laws, our attorneys will work tirelessly to negotiate to your advantage. The attorney assigned to your case is also be able to hold your note holders accountable and motivate lenders to move your own process along expeditiously. We can also subpoena records and original loan documents and conduct audits if you are dealing with a non-cooperative lender.

Why should I do a Home Loan Modification?

Known now by many terms, 'loan mod', 'mortgage mod', etc.. a loan modification is basically the process where a lender will agree to change the terms of a loan in order to make payments more affordable to the borrower. There are multiple ways of accomplishing this. One may include reducing the borrower's interest rate, two is lowering their principle balance, three is extending the loan term, and another might be placing past due amounts to the back of the loan. What option is best for you is dependent on your specific situation.

Will my credit be affected by a loan modification?

If you are already behind on mortgage payments or facing foreclosure, the truth is your credit is already at risk. Until more is known about the actual long-term details of the new government mortgage packages there is no way know the impact a loan modification will have on a person's credit. It is important to note that the actual loan modification process itself does not have a negative impact on the borrower's credit rating.

How can I make sure I qualify for a San Diego mortgage loan modification?

If you are currently upside-down on the home's value or have fallen behind on your payments, or if you have an adjustable rate mortgage that is ballooning, our loan mod specialists and attorneys can quickly review your case to determine your status for loan modification. Even if your circumstances are such that you have recently suffered financial hardship due to loss of work or injury, you can get help for your loan modification. Please know that our experienced San Diego real estate attorneys will not take your case unless they truly believe they can help you.