Foreclosure is a process in which the estate becomes the absolute property of the lending institution. The bank takes your home from you for nonpayment of the mortgage.
Q: What are my options?
When faced with foreclosure you have very few options. You can do nothing, refinance your home, do a loan modification or declare bankruptcy. These typically do not work because most people have been impacted by one or all of the following: Lower income, Decreased property value or low credit score.
Q:What is the MORTGAGE RELIEF Program?
The Mortgage Relief Program is a cutting edge strategy designed to keep you in your home and stop the foreclosure process. In addition to this we will litigate with your bank to settle for a reduction in principle, lower interest rate and new loan terms. We do all this while you remain in your home while making no mortgage payments to your lender. This will allow you to get back on your feet.
Q: Do I qualify for the MORTGAGE RELIEF program?
If you are more than 31 days behind on your mortgage payments then you are a perfect candidate for this program. We will defend you and your rights in the court of law to insure your success. Please fill out this form below for a FREE no obligation mortgage analysis by one of our trained professionals. All information is confidential and you will be treated with nothing but respect during this entire process.
Q: How much do your services cost?
Unlike most attorneys, who require a $3,500-$5,000 up front retainer fee. Loan Litigators is waiving its $3,500 retainer fee for the first 1,000 clients. The firm will charge a small monthly maintenance fee to litigate your case and a percentage of any principle write down that is settled upon with the lender.
Q: What is predatory lending?
Predatory lending is a term used broadly to refer to various illegal and immoral activities many lenders engage in. These practices are a major cause of foreclosures, poor credit and unmanageable financial burdens. Our trained personnel are skilled at spotting predatory practices in your loans and using this to your advantage when negotiating on your behalf.
Q: Is it too late to save my home?
No, just call. If your home hasn't been sold yet then there's still hope. Contact us immediately. Start the process to save your home now. I've already tried negotiating on my own without much success. What more can you do? Call us and speak to one of our experts. Our experience working with lenders means we know who to talk to and what to say in order to cut through red tape and get results that are unlikely for an individual to achieve. We only do loan modifications. Nothing else! We are professionals.
Q: I'm currently in bankruptcy proceedings, can you help?
Definitely! While it is not possible to renegotiate your mortgage until it has been dismissed from bankruptcy proceedings we'd still be happy to provide our expert advice on what options are best for you. Once your mortgage is out of bankruptcy we can then supply the full range of our services to assist you.
Q: What's the best way for me to stop foreclosure?
Call us. If you believe you face the threat of foreclosure call us immediately. Our processing staff will give you immediate attention to protect your home and family. We give your case personal attention by taking into account your current and past financial situation to find the choice that works for you. Our goal is to prevent foreclosure. We strive to give you more than a quick fix; you'll get a lasting solution to your unique circumstances so you never have to face foreclosure again.
Q: How long does foreclosure take?
After you are 90 days past due your lender normally issues a NOD (Notice of Default). Shortly after you receive this notice they will begin the legal process of foreclosure within the court system. Every state has different foreclosure procedures which must be strictly adhered too. If no steps are taken to prevent the foreclosure of your home then it will eventually be sold at auction.
Q: Can I cancel anytime?
Yes, you can cancel with a written 30 days notice. Our agreement is a month to month contract
Q: What if I am not behind on my mortgage?
If you are not currently behind on your mortgage, but having a challenging time making your payments then this is a legitimate strategy for you to use. Having a game plan is most important
Q: How long does this process take?
It really depends on how cooperative the lender is when we file suit against them. On average the process can take anywhere from 6 months – 18 months all while you stay in your home
Q: I owe more than my home is currently worth
You are not the only one; millions of people are upside down on the mortgage. We specialize in settling with your lender for a principle reduction to your mortgage which includes all the late fees and penalties.
Q: What about my credit?
Regardless if you are behind on your mortgage or not when you are in foreclosure your credit will be negatively impacted. By doing the mortgage relief program, your credit will not be as negatively impacted compared to a foreclosure or bankruptcy.
Q: Can I keep the money I am not sending the lender.
Whether you’re not paying your primary mortgage or have investment properties the money you are not paying your lender is money you should keep and save for future use
Q: Does this strategy work for investment properties as well?
Yes, this is a great strategy for anyone who is faced with foreclosure and wants to stay in their home.
Q: Should I pay my property taxes and homeowners insurance?
You should always make sure your homeowners insurance is current and in force. You do not need to pay your property taxes if they are already escrowed into your current mortgage payment. If it is not then yes-you need to pay your property taxes as well.
Q: Why are we suing the lender?
This is a great question. The reason why we are filing suit against the lender is because this is the most effective and efficient way of getting a legitimate modification of your loan. By suing the banks we litigate for an aggressive settlement from your bank to reduce not only your interest rate, but the principle owed to the bank for the mortgage.
Q: Why would the banks settle?
Than banks will settle because they know they cannot win. They would prefer to settle the case before it gets into court were you will have a jury of your peers. The banks have gotten billions of dollars to help homeowners with their mortgages but they are not doing it. We will force them to assist your with settling your mortgage.
Have another question that we did not answer here? We want to answer it. Contact Us.
