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Foreclosure Defense and Loan Modification Blog

You Won't Believe Which Celebrities Have Experienced Foreclosure

Posted by Maxwell Swinney

Wednesday, September 30, 2015

Americans love to envy the lavish lifestyles of celebrities when they are on top, and to witness their fall from grace. Despite having tremendous wealth and the love and admiration of millions of people, movie stars, musicians, professional athletes, and other famous or infamous people, have found themselves in the same situation as many regular Americans. That is, unable to make their mortgage payments and threatened with foreclosure by the bank.

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Topics: foreclosure defense

How to Choose the Best Foreclosure Defense Attorney For You

Posted by Maxwell Swinney

Monday, September 28, 2015

Foreclosure is a major crisis for the people who experience it. It's something you never thought would happen, otherwise you would not have taken out a mortgage loan. You may feel that you need the help of an attorney, but deciding what type, and who among them you should hire is no easy task.

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Topics: foreclosure defense

Can You Reapply for a Loan Modification after Being Denied?

Posted by Maxwell Swinney

Friday, September 25, 2015

Rejection hurts. If you're like many people whose application for a mortgage loan modification has been denied, you don't know what to do. Should you rip the copper pipes out of your house, leave town and start a new life in Mexico, singing songs for loose change in sleepy tequila joints? Before you make that decision, remember that you can reapply for a loan modification.

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Topics: loan modification, mortgage modification

MERS At Center of Fraudulent Foreclosure Problem

Posted by Maxwell Swinney

Wednesday, September 23, 2015

If you're concerned about your mortgage, you may have done a web search for MERS and found that the top results are for Middle East Respiratory Syndrome. That MERS probably isn't worth worrying about if you don't live in the Middle East. But the other MERS, the Mortgage Electronic Registration System, is an important part of the problems surrounding fraudulent foreclosures, robo-signing, and the housing crisis.

The Mortgage Electronic Registration System is an entity created by the real estate financing industry to allow them to transfer mortgages notes privately, avoid paying local registration fees, and allow a market in mortgages to operate effectively. With MERS, the mortgage notes are stored in a privately-held electronic database, not on paper in a public office. Every time a mortgage is bought and sold, MERS makes an electronic record of the transaction. No matter who really owns the note, MERS remains the “legal assignee."

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Topics: foreclosure defense

Why You Should Write a Loan Modification Hardship Letter

Posted by Maxwell Swinney

Monday, September 21, 2015

Believe it, or not, your mortgage lender is interested in the hardships you've endured that have led you to seek better terms on your mortgage loan. In fact, if you are facing foreclosure and looking for a loan modification, a letter explaining the hardships you've experienced is required.

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Topics: loan modification, write a hardship letter, hardship letter

Can You Afford a Lawyer When You Can't Make Your Mortgage Payments?

Posted by Maxwell Swinney

Friday, September 18, 2015

Times are tough. The effects of the recession and housing crisis have left you in a less-than-ideal financial situation, and now you're having trouble making your mortgage payments. You may be thinking about trying to get a loan modification to lower your interest rate, or you may be worried that a foreclosure is in your future. You know that if a loan modification is successful, your monthly payments could be reduced to a more manageable level. You also know that your chances of getting a loan modification approved without an attorney are slim, but you don't know if you can afford an attorney.

Alternatively, you may think the result is a forgone conclusion, and that there is no point in paying an attorney to tell you what you already know, that you're going to lose your home.

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Topics: stop foreclosure, foreclosure defense

Banks Still Using Fraudulent Documents to Foreclose On Homeowners

Posted by Jake Sterling

Wednesday, September 16, 2015

 

The late 2000s were an interesting time in America. Esoteric terms, like subprime mortgage-backed securities, credit default swaps, and collateralized debt obligations, entered our vocabulary. A nationwide banking crisis and recession caused millions to lose their jobs and value in their homes and investments. Everyday Americans became aware that there was a housing bubble and, like all bubbles, it was bursting. It appeared that fraud had occurred at large banks, but individual homeowners had to pay the price.

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Topics: mortgage fraud

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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