I posted earlier today about foreclosures and loan modifications so this post is related. I consider this very important information to know if you are involved in a foreclosure situation and may be facing the loss of your home.
Evidently, most mortgage documents contain errors and omissions which in a foreclosure situation could be to your advantage according to this report from the American Residential Law Group. These issues could open the door for a home buyer to obtain a loan modification with more favorable terms that might be otherwise obtained in the normal deliberations with the mortgage holder. Why? It’s possible that an independent review of your mortgage documents could reveal improper or even illegal practices which it’s to the lender’s advantage to remedy privately through a loan modification.
For more information on your rights as a home owner facing foreclosure and how to obtain an independent review of your mortgage documents for any irregularities, you may contactFairHomeLoan.org for more information. It might help you save your home and negotiate a home loan modification at a rate you can live with.
Note: Thanks to the American Residential Law Group for bringing this information to our attention and sponsoring this post.
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