Many
people are simply getting lost in the system and suffering an
unnecessary foreclosure when they could have worked it out with their
lender. However, when a lawyer is involved, it seems as if the calls
start to get answered and the letters responded to. Often this can make
the difference between saving your home and losing your home.
Most
lenders are completely unresponsive to many of the homeowners who reach
out to them for help with their mortgage. In fact hundreds of thousands
of homeowners have lost their homes and many more will as a result of
miscommunication, servicing abuse and just plain neglect
We
use powerful laws like the Truth in Lending Act (TILA) and the Real
Estate and Settlement Procedures Act (RESPA) to bring lenders to their
knees. These laws MUST be followed and failure to do so can result in
significant damages to the lender. So, naturally, they will be very
amicable to working your loan out to more affordable terms to avoid
costly litigation.