It used to be a common refrain: “I sent in papers to apply for a modification. The lender “says” my papers were incomplete or never received or it lost them and I need to send them in again.” Or you simply never heard from the lender until you read in the newspaper that your home was being sold at foreclosure. Ugh.
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Contact Me Today.
But times have changed. Despite the absence of teeth in the various federal regulations (HAMP, HARP, and others), 49 state attorneys general (I just love the plural here) forced settlements with the major lenders and mortgage servicers. They are now required to comply with the federal programs. They are required to have sufficient staffing so that your applications are no longer lost or falsely considered incomplete. And they are regularly audited.
Times have changed even moreso. Massachusetts law delays a lender’s right to foreclose until it states under oath that it invited a modification, but that a foreclosure was a better result than a modification.
And times have changed even more. The federal Consumer Finance Protection Bureau prohibits a foreclosure from taking place if a modification application was received so many days before the expected sale date. Reasons must be given for a modification denial.
There’s a lot to consider. We can apply for a modification on your behalf and make sure that the lender follows the law, doesn’t take a short cut, and gives fair consideration to your application.
Confused? Don’t worry ‑ one of the reasons you need to hire an experienced debt protection lawyer for your case is to be sure that you choose the right type course of action for your situation. All you need to do is contact me for a consultation.
Don’t take my word for it ‑ read what my satisfied clients have to say about me!
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