A loan modification is the permanent restructuring of a mortgage loan whereby one or more of the terms of a borrower’s loan are changed to provide a more affordable payment. Loan modifications are commonly the outcome of the lawsuits which we file and prosecute to stop residential foreclosures. Realistically achieving a significant and meaningful loan modification has proven to be an extremely demanding task without professional assistance.
Yes – you may have valuable defenses and/or counterclaims against your mortgage lender that could prevent the foreclosure sale of your home and even require your mortgage lender to pay you damages if they wrongfully conducted a foreclosure sale of your home. In addition, we may be able to convince your mortgage lender to rewrite the terms and conditions of your existing/pre-existing mortgage loan in a manner which will enable you to keep your home on financial terms that are more favorable to you.
The purchaser of your home at a foreclosure sale, whether that be your mortgage lender or a third party, will typically file a forcible detainer (eviction) lawsuit against you and all other occupants of your home. Our staff is well trained at representing clients in the local justice of the peace courts regarding eviction matters. In addition, we make strategic efforts to stop the eviction process and keep you in your home while we prosecute a wrongful foreclosure lawsuit against your mortgage lender as well as any third party buyer of your home at the foreclosure sale.