Frederick A Neustein, an attorney with the Law Offices of Charles L Neustein PA and www.StopForelcosureLawyer.com respectfully submits the following: Florida Foreclosure Fraud Protection Law Enacted.The Attorney General clarified that this new law will not apply to the Attorney / Client relationship or the way attorneys are paid when they are hired to help distressed homeowners. This law [...]
Foreclosure is a terrible situation to have to experience. Unfortunately, the world-wide recession has foreclosures happening on a daily basis. Although you may feel that your world is falling apart, you might find comfort in the fact that you do not have to go through the process alone. There is someone you can turn to [...]
Foreclosure Laws of Individual StatesWe are providing information about state foreclosure laws. This information is designed to help you understand the process in each state. However, legal information is not legal advice. We are not giving legal advice. The laws of every state are different and frequently change. If necessary, seek legal or professional advice [...]
If you, like many people in the Country, are facing foreclosure on your home, then you are looking for anything you can do to stop it. Firstly, be calm and dont panic. Do not get yourself into a situation like mortgage restructure that you have to pay for up front. A reputable mortgage company, that knows that their service will help you, will do this with no money up front because they know they will get paid when the mortgage goes through.
Who is there to Help Those Who are Called to Provide service? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Modifications. I am not an lawyer nor am I here to provide or imply legal advice. The Loan Mod & Foreclosure Defense business has gotten a bad rap due to some bad apples in the bunch but there are some of us who actually care about what we do.
The short sale process can be long and tedious. It begins with the homeowner in a situation where their home has a lower value than the balance on their mortgage – the short sale definition. It usually becomes dangerously close to foreclosure before the homeowner accepts the probability that the home is lost and makes an agreement with the lender to begin the short sale process.
Please Note: I am not an Attorney and any information I provide is not to be considered as Legal Council, my purpose for writing this article is only to create awareness for the benefit of Homeowners and Families at hardship. I work for a Law Firm specializing in the representation of Homeowners and Families in braces of Foreclosure. What the lender doesn’t tell you is that in most scenarios, the Mortgage Mod terms the banks are willing to give you voluntarily when you modify your loan directly with them are in most cases substandard in comparison to the modification terms you will receive when hiring an attorney who specializes in Loan Mods and Foreclosure Defense. Again, I am not a Lawyer but I have been working for a Foreclosure Defense law firm for longer than most writers on the subject and my Mortgage Lending experience is extensive, including several years in the Loan Origination and Correspondent Lending arenas.
With the changes in the legal formalities and the regulations, the need for having a lawyer has drastically increased. The increasing number of legal issues and the difficulty of a common man to handle all of them has forced people to find an attorney for themselves. This makes things much better as the lawyer would be there to guide through all the legal issues. But the difficult part is to find an attorney who is trustworthy and not money minded. The expenses that one has to incur while dealing with a lawyer is always a puzzle and no one can estimate it ahead.
It is really starting to become lucid that the phrase “U.S. Housing Crisis” is nothing less than just that. It’s not some overblown news stunt to scare the General Public and give government a chance to play superman for a some Great Cause which has emerged from the strife. No this is not a trick, not an over exaggeration, this is a truly horrific time in American history which has yet to completely unfold. If you are one of the majority struggling, you are not alone. The statistics are dark.