Getting a mortgage modification isn’t the sure thing that people thought they were just a few short years ago. Many who were looking for help have found out the miserable truth– that banks are not working in the best interest of the homeowner when it comes to receiving a loan modification.
In fact, many who though they were a shoe in to receive help from the government and the banks are finding the opposite is true. The government programs are failing, and more people are losing their homes than ever before. Estimates reveal that up to 70,000 American families are losing their home every month– many without a mortgage modification in place.
Many things were promised to the millions of homeowners who faced trouble, and wanted to keep their home. In many cases, getting a modification was a series of errors and missteps. Instead of getting lower monthly payments, reduced principles, lower interest rates, and a lower chance of actually going into foreclosure and default, many homeowners have received the short end of the stick.
In many cases, those mortgage modifications, never happened, and many people that did receive them were either penalized later by the bank, or never fully approved. And when many of these homeowners called the bank, the best many received was a promise that the situation was under control when asked about their applications for mortgage modification, only to be told at the last minute that they did not get the modification they have been hoping for. This has happened time and time again to thousands of homeowners across America. And perhaps it’s happened to you, too.
Perhaps, you are one of many people trying to save their home from foreclosure. Maybe you’ve been laid off, or had circumstances beyond your control take place. Maybe you’re a victim of predatory lending, and you find yourself with a reset mortgage payment that rate is so high, you can’t possibly pay.
Or, maybe you were expecting your mortgage to reduce your payment, only to find that the lender was leading you along, and now, you’re days away from a pending sale.
In any case, you believe that you have no recourse to your situation, and it’s hopeless. But you’re wrong.
No matter what situation you find yourself in, know this: time is running out for you to act. But it’s not too late.
You have legal means to stop the sale and save your home, regardless of the circumstance. There are specialized firms that can help you stay in your home, and in many cases, have legal means to help you fight to stay in your home, even if you’re in the final steps of foreclosure. Sometimes people just need time to find a new place to live, and just want time to walk away. Other times, borrowers want to fight the banks, and stay in their home. These firms have been known to assist homeowners in both areas.
The banks have left people little choice in the matter. They have not responded to the needs of the lender, and left them no alternative but to fight.
As one news source stated, “Qualified homeowners are being routinely denied loan modifications through the Obama administration’s Making Home Affordable plan, but they have little recourse to correct the mistaken denials.”
Many of these denied homeowners are seeking specialized legal counsel and services to take on a system that would rather see them hurt than helped. And in many cases, people are winning their cases in court. Some are receiving the modifications that they were originally asking for, even after their home had been sold. Still others are receiving lowered payments and forgiveness of past due amounts. In fact, more and more of these cases are making their way to court across the country, and people are winning the relief that they should have been afforded in the first place.
If you are having trouble with your lender, or if you’re facing a foreclosure of trustee sale, legal means might very well be the answer that you’re looking for. You have rights. Don’t count yourself out, no matter where you are in your situation. There is help. Don’t give up!
Did your mortgage modification go through? Of did you get the run around? Are you in a foreclosure and at risk of losing your home? Have you had a loan modification denied or “lost?” Have you had your loan bought by another lender? Are you facing foreclosure because of fees and late payments? Do you want to stay in your home? We can help you. Fight back and stay in your home. Don’t accept foreclosure. Visit us and learn more about our various home saver programs. Even if your sale is tomorrow, call us today. Find out more at Save-Your-Home-Now.Info or call us at 1-800-915-1031.