Loan Modification FAQ

We are a Law Firm committed and dedicated to helping our clients. Whether you are a wealthy real estate developer or a homeowner in default facing foreclosure, our team is knowledgeable and experienced in the areas of distress real estate, mortgages and foreclosures. A foreclosure prevention company that is not a law firm may not have the necessary qualifications, licensing, or experience to successfully pursue mortgage relief on your behalf.

We understand that today there are other companies out there that claim they provide "legal services," however, it is wise to stay away from a company that is not a law firm yet claiming to provide "legal service." These companies are most likely operating illegally.

In addition, the same brokers and loan officers that put many homeowners into disastrous loan programs (or practicing predatory lending) are the same people today that are claiming they can help you out of your mortgage problems. Don't forget these are the same people who created your problems in the first place.

Not only does our team have several years of experience in the industry working with both the lenders and homeowners, our team is passionate about their job. We are on a mission to help you save your home. We understand your situation, and what is needed to help you.

We will diligently analyze your individual financial situation and find you a realistic solution that meets your objectives.

One of our options in the battle with mortgage companies is the Truth in Lending Act ("TILA") and the Real Estate Settlement Procedures Act ("RESPA"). These are guidelines mortgage companies must follow when originating loans. Nearly every residential mortgage loan has TILA and/or RESPA violations that can be used as leverage in negotiations, or litigation.

• Your mortgage company
• Your type of loan
• Your financial capability
• The seriousness of the delinquency
• Your reason for default (if applicable)

A legal proceeding in which a lender repossesses a property because the homeowner has defaulted on the payments.

Investors or your lender's representatives may come to your property to evaluate the condition of the collateral on your mortgage. When you become a client of Legal Debt Solutions you will receive a document from us that you may provide to anyone inspecting your property. The document states that an attorney represents you and all communication should be redirected to us.

A foreclosure process by judicial sale is done under the supervision of a court and the proceedings are public record. The foreclosure information, including names and addresses, may be retrieved from these records.

Legal Debt Solutions will guide you through the various options that are available to you. Your options are dependent on your assets, liabilities, income, expenses, mortgage default reason, lender, and loan type. A careful review of all your documents is necessary for us to provide you with the best solution.

Should you miss a mortgage payment, most lenders refuse to accept any payment short of the entire amount currently owed, including late fees. This has caused many of our previous clients a cumbersome financial obstacle. There are legal remedies to address these scenarios.

The timeframe for the foreclosure process varies from state to state. It is important to know that once the foreclosure process begins, TIME IS YOUR ENEMY! The longer you wait, the more court costs, late charges, and foreclosing attorney fees are incurred.