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.
A Florida homeowner was facing a very difficult living and family situation, and was having trouble paying his $1,753.08 monthly mortgage payment to Wells Fargo. By the time he retained our law firm in the summer of 2011, he was years behind on his mortgage and over $40,000 past due, although a foreclosure lawsuit had not been initiated on his home. Our firm negotiated a trial loan modification within a few months. However, upon completion of his trial modification, Wells Fargo denied the homeowner a permanent loan modification, then filed for foreclosure on his home.
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.
A newly single Florida homeowner had endured a financial hardship for nearly half a decade, and by the time he was able to begin picking up the pieces, he was 5 years and over $156,000 behind on his mortgage payments to Ocwen Financial. This homeowner was locked into a monthly mortgage payment of $2,341.74 at an astronomically high 10.30% interest rate. He had already been offered a loan modification which he wasn't able to afford, and his home was about to be sold in foreclosure if he didn't do something quickly. However, this homeowner's situation changed completely in the months after he retained our firm this February 2013.
What is a Credit Profile?
Your credit profile is a history of your credit behavior. Your credit history is compiled by credit reporting agencies that receive your financial information from certain creditors. It is worth noting that not every creditor reports financial information to the credit reporting agencies, however, most major banks and companies that grant credit to consumers do report financial information regarding their customers to the credit reporting agencies. The credit reporting agencies use the financial information about a consumer to formulate a credit score. Many lenders and companies that grant credit to consumers utilize consumer credit scores to determine if they will grant credit and how much credit they are willing to grant. Sometimes interest rates on loans are determined by lenders based upon the borrower’s credit score.
- Do you know what's the best thing to do after receiving a foreclosure notice?
- Do you understand how long it takes to foreclose on a house in New York?
- Are you prepared to deal with New York's foreclosure process?
If you weren't sure how to answer any of these questions, then you should take half a minute to download the New York foreclosure timeline, especially if you're at risk for foreclosure or if you're already involved in the foreclosure process.
- What's the best thing to do immediately after getting a foreclosure notice?
- How long does it take to foreclose on a home in New Jersey?
- Are you completely ready to deal with the foreclosure process in New Jersey?
If you can't confidently answer all these questions, then you should take a few seconds to download the New Jersy foreclosure timeline, especially if you think you may be at risk for foreclosure or are already within the foreclosure process.
House vs. Home
We understand that you probably have an emotional attachment to your home, but is it time to start looking at your home as a house or an investment?
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.
A Florida homeowner was having difficulty paying his monthly mortgage payment and was fearful of losing his home. His fear was well-founded, because he was nearly 1.5 years behind and over $52,000 past due on his monthly mortgage payments to Bank of America. This situation was further exasperated by the high cost of his monthly payment: nearly $3,400 monthly.
Learn How the Fair Debt Collection Practices Act Protects You From Harassment by Debt Collectors
Mortgage lenders and other debt collectors are well-known for harassing people with consistent, annoying phone calls and threatening messages. Most people don't know that there are laws in place to protect them from these phone calls. The Fair Debt Collection Practices Act (hereinafter referred to as “FDCPA") limits the timing and recurrence of phone calls from creditors, and also gives consumers the ability to opt out of debt collection calls with a simple cease-and-desist letter. It's disappointing that more people don't take advantage of these consumer protection laws.
Liberate Yourself From Foreclosure
The truth is that you have a good probability of successfully defending against foreclosure on your home. However, the majority of Pennsylvania residents do not fight to keep their homes. Why?
They do not believe that effective action can be taken to save their homes or avoid foreclosure. Pennsylvania homeowners have several foreclosure help options, which can improve the chances of staying in your home.
If you are on the verge of falling behind on your mortgage payments or have entered the foreclosure timeline, here are the most common foreclosure defense options to help you avoid foreclosure and deficiency judgment
