---
title: Foreclosure and Loan Modification Blog | Jake Sterling (3)
description: Jake Sterling is Amerihope Alliance Legal Services' Homeowner Liaison. He helps to bring awareness and teach homeowners about foreclosure defense and options to save their homes. (3)
---

[![Foreclosure and Loan Modification Lawyers](https://blog.amerihopealliance.com/hs-fs/images/forclosure-attorneys.png?width=360&height=117&name=forclosure-attorneys.png "Foreclosure and Loan Modification Lawyers")](https://www.amerihopealliance.com/)

- Practice Areas 
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ph: (877) 882-5338

# Foreclosure and Loan Modification Blog

- [Blog](https://blog.amerihopealliance.com/blog)
- Foreclosure and Loan Modification Blog

## Jake Sterling

Jake Sterling is Amerihope Alliance Legal Services' Homeowner Liaison. He helps to bring awareness and teach homeowners about foreclosure defense and options to save their homes.

Find me on:

[\[fa icon="facebook-square"\]](http://www.facebook.com/amerihope) [\[fa icon="twitter-square"\]](http://www.twitter.com/amerihope)

## Recent Posts

## [Banks Still Using Fraudulent Documents to Foreclose On Homeowners](https://blog.amerihopealliance.com/blog/banks-still-using-fraudulent-documents-to-foreclose-on-homeowners)

[![](https://blog.amerihopealliance.com/hubfs/Fraud-1.jpg)](https://blog.amerihopealliance.com/blog/banks-still-using-fraudulent-documents-to-foreclose-on-homeowners)

 

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.

\[fa icon="clock-o"\] Wednesday, September 16, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [mortgage fraud](https://blog.amerihopealliance.com/blog/topic/mortgage-fraud) 

[Read More »](https://blog.amerihopealliance.com/blog/banks-still-using-fraudulent-documents-to-foreclose-on-homeowners)

## [Why Is My Loan Modification Denied?](https://blog.amerihopealliance.com/blog/bid/278385/Why-is-my-loan-modification-denied)

[![](https://blog.amerihopealliance.com/hs-fs/file-24849563-jpg/images/medium_2344294338.jpg)](https://blog.amerihopealliance.com/blog/bid/278385/Why-is-my-loan-modification-denied)

*Editor's note: This article was originally published March 2013, and has been updated in August 2015.*

So you've recently had your loan modification denied and can't figure out why?

You’ve handled tax forms; you’ve filled out car applications, job applications, and credit card applications. And a loan modification is just another application. Are you thinking to yourself: How hard could it be? Unfortunately, a loan modification might be the hardest thing to get approved without the help of an attorney.

Ask yourself this question: Do you [know your DTI](https://blog.amerihopealliance.com/blog/what-is-debt-to-income-ratio) “debt to income” ratios? Your Net Present Value (NPV) and how to structure it?

What about organizing and keeping track of all of your final loan modification papers to ensure that nothing is left out?

\[fa icon="clock-o"\] Wednesday, August 12, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [loan modification denied](https://blog.amerihopealliance.com/blog/topic/loan-modification-denied), [foreclosure defense](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense) 

[Read More »](https://blog.amerihopealliance.com/blog/bid/278385/Why-is-my-loan-modification-denied)

## [Case Dismissed Using the Florida Fair Foreclosure Act](https://blog.amerihopealliance.com/blog/case-dismissed-using-the-florida-fair-foreclosure-act)

[![](https://blog.amerihopealliance.com/hubfs/images/medium_6141737354-518457-edited.jpg)](https://blog.amerihopealliance.com/blog/case-dismissed-using-the-florida-fair-foreclosure-act)

*Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 5,000 homeowners, here is one of their stories.*

In March 2015, we were retained to represent a Florida homeowner who was being sued by Dyck-O'neal to collect a post-foreclosure deficiency in the amount of $34,078.93 plus interest, costs, and attorney's fees. We won his case, and he owed nothing.

\[fa icon="clock-o"\] Tuesday, June 16, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [successful loan modifications](https://blog.amerihopealliance.com/blog/topic/successful-loan-modifications), [florida foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-attorney), [foreclosure deficiency](https://blog.amerihopealliance.com/blog/topic/foreclosure-deficiency) 

[Read More »](https://blog.amerihopealliance.com/blog/case-dismissed-using-the-florida-fair-foreclosure-act)

## [7 Loan Modification Facts](https://blog.amerihopealliance.com/blog/7-loan-modification-facts)

[![](https://blog.amerihopealliance.com/hubfs/images/blog/Loan_Modification_Facts.png)](https://blog.amerihopealliance.com/blog/7-loan-modification-facts)

Things always change, they never stay the same, that's life. Sometimes we are prepared for them and sometimes they are unexpected. What happens when the unexpected is a hardship like illness or suddenly finding yourself without gainful employment. A variety of circumstances can crop up that make it difficult for you to keep up with your mortgage payments. While foreclosures and short sales are options, the premier option for struggling homeowners who want to keep their home are [loan modifications](https://www.amerihopealliance.com/loan_modification). Loan modifications are a change in one or more of the terms of the original loan.

\[fa icon="clock-o"\] Friday, June 5, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [loan modification](https://blog.amerihopealliance.com/blog/topic/loan-modification) 

[Read More »](https://blog.amerihopealliance.com/blog/7-loan-modification-facts)

## [Hire a Foreclosure Defense Attorney? What Happens When You Get Served.](https://blog.amerihopealliance.com/blog/how-can-you-know-when-to-hire-a-foreclosure-defense-attorney)

[![](https://blog.amerihopealliance.com/hs-fs/file-548601507-gif/images/You-Got-Served-foreclosure.gif)](https://blog.amerihopealliance.com/blog/how-can-you-know-when-to-hire-a-foreclosure-defense-attorney)

You’ve been served and you weren’t playing basketball. If you’re a couple months behind in your mortgage, you probably knew it was coming. You asked for more time to pay the back mortgage payments. Instead, your lender starts threatening you with the F-word. You have two options when facing foreclosure: let your lender win or [hire a foreclosure defense attorney and fight.](https://blog.amerihopealliance.com/blog/why-hire-a-foreclosure-attorney)

## The Judicial Foreclosure Process

Whether you live in New York, Illinois, Florida or New Jersey, foreclosures are judicial, which means the lender must file a lawsuit in state court. The court allows a lender to start the foreclosure process after you miss three payments. However, most lenders wait for you to become more than three months behind. How nice of your lender, right?

\[fa icon="clock-o"\] Thursday, May 28, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [new jersey foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-jersey-foreclosure-attorney), [florida foreclosure defense](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-defense), [pennsylvania foreclosure defense](https://blog.amerihopealliance.com/blog/topic/pennsylvania-foreclosure-defense), [illinois foreclosure lawyer](https://blog.amerihopealliance.com/blog/topic/illinois-foreclosure-lawyer), [foreclosure defense](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense), [new york foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-york-foreclosure-attorney) 

[Read More »](https://blog.amerihopealliance.com/blog/how-can-you-know-when-to-hire-a-foreclosure-defense-attorney)

## [7 Reasons Not to Hire a Foreclosure Attorney](https://blog.amerihopealliance.com/blog/7-reasons-not-to-hire-a-foreclosure-attorney)

[![](https://blog.amerihopealliance.com/hubfs/images/blog/Number7.jpg)](https://blog.amerihopealliance.com/blog/7-reasons-not-to-hire-a-foreclosure-attorney)

**You are an attorney or you currently work or have worked for a bank and know their guidelines.** You already know how many documents will you need to submit to your bank for a loan modification. \*\*[Free Amerihope Alliance Legal Services Document Checklist](https://legal.amerihopealliance.com/loan-modification-document-checklist)\*\*

 

**You know the general foreclosure laws and procedures in your state.** For example in [Florida](https://legal.amerihopealliance.com/florida-foreclosure-timeline), foreclosures are judicial, which means the lender must file a lawsuit in state court. The lender starts the foreclosure by filing a complaint with the court and having it served to the borrower, along with a summons. If you lose the case your house will be sold to satisfy the debt.

 

**You don't need a foreclosure attorney to prove that the foreclosing party doesn't own your loan.** In other words you know that your loan was bundled and securitized. Which means that in a process called securitization, your loan and other loans (includes both the promissory notes and the mortgages) with similar qualities are pooled, and then sold in the secondary market, often to a trust. Basically, securitization takes individual mortgage loans, bundles them into a package, and turns them into marketable securities (called “mortgage-backed securities”) that can be bought and sold. With that being said you believe you have a defense based on the fact that the foreclosing party can't prove that it owns your loan.

\[fa icon="clock-o"\] Tuesday, May 26, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [illinois foreclosure lawyer](https://blog.amerihopealliance.com/blog/topic/illinois-foreclosure-lawyer), [loan modification attorney](https://blog.amerihopealliance.com/blog/topic/loan-modification-attorney), [foreclosure defense](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense), [new york foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-york-foreclosure-attorney), [foreclosure defense attorney new jersey](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense-attorney-new-jersey), [florida foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-attorney) 

[Read More »](https://blog.amerihopealliance.com/blog/7-reasons-not-to-hire-a-foreclosure-attorney)

## [Why Hire a Foreclosure Attorney?](https://blog.amerihopealliance.com/blog/why-hire-a-foreclosure-attorney)

[![](https://blog.amerihopealliance.com/hubfs/images/blog/Why-hire-us.png)](https://blog.amerihopealliance.com/blog/why-hire-a-foreclosure-attorney)

If you are struggling to pay your mortgage, it's encouraged that you speak with an experienced and knowledgeable [foreclosure defense attorney](https://legal.amerihopealliance.com/do-you-need-to-hire-an-attorney-quiz) who can properly inform you of the best solutions for your specific situation. Not to mention that on average, a defended foreclosure usually takes anywhere from one to two years or [longer](https://www.debt.org/real-estate/foreclosure-defense/).

Each foreclosure case is different and has complicated nuances that can ultimately make or break the case. For example if you have been served with a foreclosure lawsuit in [Florida](https://legal.amerihopealliance.com/florida-foreclosure-timeline) and [New York](https://legal.amerihopealliance.com/new-york-foreclosure-timeline) you have 20 days to file a proper legal response in court. In [Illinois](https://legal.amerihopealliance.com/illinois-foreclosure-timeline), you have 30 days to reply. In [New Jersey](https://legal.amerihopealliance.com/new-jersey-foreclosure-timeline), you have 35 days. In your reply you can:

- Accept the Claim -OR-
- Dispute the Claim – Perhaps your loan servicer didn't follow proper foreclosure procedures or the foreclosing party can’t prove it owns your loan. Maybe your loan servicer made a serious error with your account such as misapplying funds, failing to credit payments to the account, or charging unreasonable and non-allowable fees. Or you’re in the military and as an active military service-member you have some special protections against foreclosure and have certain rights under the [Service-members Civil Relief Act (SCRA)](http://www.military.com/benefits/military-legal-matters/scra/servicemembers-civil-relief-act-overview.html). -OR-
- Claim Affirmative Defenses – Which means that without denying responsibility, you may claim that the foreclosing bank had contributing negligence or perhaps there is an expiration of the [Statute of Limitations](https://blog.amerihopealliance.com/blog/be-smart-fighting-foreclosure-in-fl-know-about-the-5-year-statute-of-limitations).

Failure to file a legally satisfactory Answer could result in default being entered against you and not being able to fight the foreclosure.

**The Attorney’s Role**

\[fa icon="clock-o"\] Friday, May 22, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [florida foreclosure defense](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-defense), [illinois foreclosure lawyer](https://blog.amerihopealliance.com/blog/topic/illinois-foreclosure-lawyer), [foreclosure defense](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense), [new york foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-york-foreclosure-attorney), [foreclosure defense attorney new jersey](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense-attorney-new-jersey) 

[Read More »](https://blog.amerihopealliance.com/blog/why-hire-a-foreclosure-attorney)

## [Top Lawyers in Florida - 2015 Award](https://blog.amerihopealliance.com/blog/right-instead-of-wrong-how-important-are-ethical-standards-award)

[![](https://blog.amerihopealliance.com/hubfs/images/blog/2015-top-lawyers-in-florida.png)](https://blog.amerihopealliance.com/blog/right-instead-of-wrong-how-important-are-ethical-standards-award)

## **Right Instead of Wrong - How Important Are High Ethical Standards?**

**The first two definitions found on [Dictionary.com](http://dictionary.reference.com/browse/ethical) are:**

1. *Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.*
2. *Being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession.*

Here at Amerihope Alliance Legal Services we believe that treating our clients and others in the communities we service with the highest of ethics, professionalism, and sensitivity are **very important**. Which is why we are very proud to be honored with the 2015 Highest in Ethical Standards and Professional Excellence Award from The Legal Network. These awards are substantiated by the stellar reviews from thankful clients.

The awards honor [attorneys](https://legal.amerihopealliance.com/florida-foreclosure-attorney-questions) who, as a representative of clients, perform various ethical and professional functions. Those functions include:

**Providing clients with an informed knowledge of the their legal rights, obligations and explaination of their practical implications.**

**Asserting the client's position under the rules of the adversary system.**

**Negotiating results advantageous to the client but always within the requirements of honest dealing with others.**

All listed above are fundamental, necessary, and vital characteristics that an attorney needs to practice, advocate, and live by in order to win this distinguishing award.

\[fa icon="clock-o"\] Tuesday, May 19, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [illinois foreclosure lawyer](https://blog.amerihopealliance.com/blog/topic/illinois-foreclosure-lawyer), [new york foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-york-foreclosure-attorney), [foreclosure defense attorney new jersey](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense-attorney-new-jersey), [florida foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-attorney), [debt collections harassment](https://blog.amerihopealliance.com/blog/topic/debt-collections-harassment), [law firm awards](https://blog.amerihopealliance.com/blog/topic/law-firm-awards) 

[Read More »](https://blog.amerihopealliance.com/blog/right-instead-of-wrong-how-important-are-ethical-standards-award)

## [“Boomerang Buyers” Can I Buy After Foreclosure?](https://blog.amerihopealliance.com/blog/boomerang-buyers-can-i-buy-after-foreclosure)

[![](https://blog.amerihopealliance.com/hubfs/images/blog/boomerang_house.jpg)](https://blog.amerihopealliance.com/blog/boomerang-buyers-can-i-buy-after-foreclosure)

If you have gone through foreclosure before know that yes, it is possible. Known as "[Boomerang Buyers](https://blog.amerihopealliance.com/blog/boomerangs-arent-just-an-australian-invention-buying-after-foreclosure)" those previously foreclosed on are starting to join the market and are able to purchase a home. However, there are waiting periods for most of the common loan programs. Depending on the type of loan you are applying for here's how long you must wait before being eligible for a home loan again:

**2015 [FHA](http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration) Mortgage Guidelines**

| **Bankruptcy Chapter 7** | **2 Years From Chapter 7 Bankruptcy Discharge Date** |
| --- | --- |
| **Bankruptcy Chapter 13** | **1 Year From Chapter 13 Bankruptcy Discharge Date** |
| **Foreclosure** | **3 Years From After the Sale/Deed Transfer Date** |
| **Short Sale or Deed in Lieu** | **3 Years After the Sale Date of Your Foreclosure** |

Credit with a minimum of 640 credit score and proof of good payment history. If you defaulted on a FHA loan, and you are trying to apply for a new FHA loan, the waiting period will be calculated from the date the mortgage insurance was paid by FHA on the defaulted loan.

\[fa icon="clock-o"\] Thursday, May 14, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [Buying a home after foreclosure](https://blog.amerihopealliance.com/blog/topic/buying-a-home-after-foreclosure), [life after foreclosure](https://blog.amerihopealliance.com/blog/topic/life-after-foreclosure) 

[Read More »](https://blog.amerihopealliance.com/blog/boomerang-buyers-can-i-buy-after-foreclosure)

## [The Folly of Foreclosure \[Infographic\]](https://blog.amerihopealliance.com/blog/the-folly-of-foreclosure-infographic)

[![](https://blog.amerihopealliance.com/hubfs/images/socmes/where-did-everyone-go.jpg)](https://blog.amerihopealliance.com/blog/the-folly-of-foreclosure-infographic)

You are up to date with your mortgage payments and bills - congratulations. Think that your neighbor's foreclosure isn't going to affect you? Think again.

**THE EFFECTS OF FORECLOSURE:**

**Emotional Well-Being Distressed** - According to [Harris Interactive Poll](http://www.harrisinteractive.com/NewsRoom/HarrisPolls.aspx) of persons going through foreclosure 38% are Scared, 35% are Depressed, 9% are Angry, 8% are Embarrassed, and 9% None of these.

**Increase of Violent and Petty Crime** - According to [Neighbor Works America](http://www.neighborworks.org/Home.aspx), homes in foreclosure that become vacant provide sites for crime. Lin Cui of the University of Pittsburgh Department of Economics study showed that the rate of violent crime within 250 feet of the property is 15% higher than the rate in the area between 250 and 353 feet from the property.

\[fa icon="clock-o"\] Tuesday, May 12, 2015  \[fa icon="user"\] [Jake Sterling](https://blog.amerihopealliance.com/blog/author/jake-sterling)  \[fa icon="folder-open'\] [new jersey foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-jersey-foreclosure-attorney), [florida foreclosure defense](https://blog.amerihopealliance.com/blog/topic/florida-foreclosure-defense), [stop foreclosure](https://blog.amerihopealliance.com/blog/topic/stop-foreclosure), [illinois foreclosure lawyer](https://blog.amerihopealliance.com/blog/topic/illinois-foreclosure-lawyer), [foreclosure defense](https://blog.amerihopealliance.com/blog/topic/foreclosure-defense), [new york foreclosure attorney](https://blog.amerihopealliance.com/blog/topic/new-york-foreclosure-attorney) 

[Read More »](https://blog.amerihopealliance.com/blog/the-folly-of-foreclosure-infographic)

[\[fa icon="angle-double-left"\] Prev](https://blog.amerihopealliance.com/blog/author/jake-sterling/page/2) [All posts](https://blog.amerihopealliance.com/blog/all) [Next \[fa icon="angle-double-right"\]](https://blog.amerihopealliance.com/blog/author/jake-sterling/page/4)

### 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.

[![Click to Read Our Super Loan Mod Success Stories](https://no-cache.hubspot.com/cta/default/161513/ae6b7cd7-c502-4ee5-a643-cd8deff48953.png)](https://cta-redirect.hubspot.com/cta/redirect/161513/ae6b7cd7-c502-4ee5-a643-cd8deff48953)

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](https://www.amerihopealliance.com/free_consultation) at any time.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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