Saving Your Home Through Mortgage Modification
Are you trying to work out a mortgage modification with your lender and have received the runaround? Robinson Salyers, PLLC, is a law firm in Frankfort and Shelbyville with foreclosure attorneys who represent clients throughout the area who are frustrated with the mortgage modification process.
Fighting Back Against Injustice
Many clients have mortgages that are serviced by Bank of America, Wells Fargo or Chase. They have common experiences dealing with personnel from those servicers in trying unsuccessfully to get a mortgage modification. Often, clients have made multiple attempts at submitting lengthy applications, only to be told the applications were not received and they should try again. This process occurs for months to over a year.
The process is not fair. While you spin your wheels in desperate hopes of getting a modification, your mortgage lender has likely hired a foreclosure attorney to sue you. It gets tangled and confusing.
The best thing to do is to consult experienced, determined and successful bankruptcy lawyers like those at our firm.
Take Back Control
Your mortgage lender is unlikely to modify your mortgage. Period. A lucky few are able to get modifications, but they are the minority; it does not happen very often.
The best way to save your house is to take action and to enforce your legal right to file for Chapter 13 bankruptcy. This will give you time to catch up on payments and stop the foreclosure process. Chapter 13 bankruptcy reorganizes your debt into payments you make over a period of time. You can keep your home.
For clients who just want to stay in their houses as long as possible without filing for bankruptcy, our foreclosure defense practice can help.
Our lawyers can file extensive discovery requests to make sure your loan servicer has the legal authority to proceed with the foreclosure. They can also evaluate whether, at the initial closing, your lender complied with the provisions of the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). They look for transfer violations if your mortgage was sold to another servicer and file counterclaims for anything they can.
The result is that during this process, clients usually stay in their homes for free. They can file for Chapter 7 bankruptcy and use the time to save money.
Call Today To Learn More About Mortgage Modifications
For foreclosure or mortgage modification assistance, turn to Robinson Salyers, PLLC. To schedule a free initial telephone consultation, call one of our Kentucky offices: Shelbyville at 502-220-4439 or Frankfort at 502-257-5417. You can also contact us online.