Often times, the foreclosure process can be a time of overwhelming stress and doubt and this is never more true than when it comes to loan modification. It may seem like no matter how many times you call the lender and no matter how many documents you gather pursuant to their specific requests, that the lender just will not work with you. While this discouragement is understandable, we wanted to take a moment to highlight a recent success story that proves that with enough hard work, things can turn around.
Recently, we had a client that attempted loan mod on multiple occasions only to be denied over and over. However, this client did not give up and while we continued to zealously defend the case and prevent the bank from stealing the home, this client continued trudging ahead on the path of loan modification. After almost a year of defending this particular foreclosure, the client was able to use this time to work directly with their lender and obtain a permanent loan modification in which the principal was reduced by over $200,000.
This means the client was able to not only stay in their home, which is always the ultimate goal, but save over $200,000 in the process.
While loan modifications like this are far from guaranteed, it is instances like these highlight the importance of you, the client, actively working on loan modification with the bank, while we diligently fight their attorneys in the courtroom.
If our client had not hired us to defend their foreclosure, the home would have most likely been lost. It is important to remember that just because you are actively trying to get a loan modification does not mean they bank cannot foreclose on your home.
Just because you are actively working with the lender to get a loan modification does not mean the foreclosure goes away or is paused. You can still very much lose your home.
Your foreclosure needs to be properly defended in court in order to buy enought time to work out an agreement with the bank. If at any time you have a pressing question pertaining to your case, please feel free to call me at 407-883-2618. I am ALWAYS here to help you and your family! Here at The Freedom Law Firm, our main objective is to keep you and your families in YOUR home. In order to do that, we work tirelessly to fight off the banks so that both parties can reach an amicable resolution. A resolution that ends with you staying in your property! Call anytime, day or night.
Updated: Jun 22, 2016
Posted by: Charles Franklin