Loan modification expertise for seamless, tailored solutions and client satisfaction.
Loan Modification Attorney In Beverly Hills
You may have already been the victim of an unscrupulous real estate broker or loan officer who placed you in a loan that was not right for your financial situation. As a result, your mortgage interest rates may be too high for your budget or may be resetting to a higher rate which will make your monthly payments beyond your budget.
Although you may want to refinance or restructure your loan, you may be prohibited from doing so because of a prepayment penalty or an unwilling lender. However, we can negotiate an agreement to modify your loan so you can refinance or obtain a lower interest rate or a reduced principle balance on your home loan. This will serve to keep you in your home.
Aside from earnestly trying to reach some sort of agreement with your lender, negotiation may also be a way to buy time and postpone the filing of a notice of default against you. In the meantime you may be able to obtain new financing, or at least scrape together the capital necessary to pay all current costs before the filing of a notice of default.
As attorneys, we can negotiate a loan modification with your lender. We will also review all your loan documents to assure that your lender has fully complied with the Truth In Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). If a violation is found, we can take legal action against the lender to stop your foreclosure (if you are in foreclosure) and recover money damages on your behalf.
Either way, we will provide you with options and help you navigate through these tough times. We will do everything we can to protect your rights and keep you in your home. To get started with your Loan Modification and for a free and confidential consultation, please contact our office at 310-331-8484 or via email email@example.com to speak with an attorney.
Loan Modification Fraud Attorney In Beverly Hills
If you are behind in your mortgage payments, you may be contacted by individuals or companies that will offer to help you work out a loan modification with your lender or provide other services to you in order to help you prevent a foreclosure of your home. These same companies will fraudulently claim to have a team of attorneys working for them, when in fact they do not. California law prohibits attorneys from directly calling potential clients or working with non-attorneys.
You must be very careful when asked by these loan modification companies to pay for any of their services in advance, whether in cash, check or by charging your credit card. California law forbids companies and attorneys from collecting any advance fees for such services if a Notice of Default has been recorded against your property.
If you have already paid thousands of dollars in fees to a loan modification company or an attorney, it is very likely that you have a right to recover the fees you paid plus damages. Even if a loan modification was obtained for you, we can represent you to recover your money plus any possible damages. Lavaee Law Group has successfully litigated cases against both attorneys and loan modification companies.
Refinance Attorney In Beverly Hills
Depending on the credit markets, a debtor may want to refinance and replace an old obligation with a new one. The prime consideration is whether the debtor can refinance at a lower interest rate, thereby lowering his or her monthly mortgage payment. Other factors to consider may be found within the existing security instrument. For example, if there is a high prepayment penalty in the existing note, refinancing may not be advisable and very costly. A thorough examination of a borrowers loan documents will typically reveal the best course of action. Let us assist you in considering which option is right for your situation.