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Get free information regarding key foreclosure laws from the legal team at the Loan Modification Outlet. Our real estate experts know foreclosure laws that were created to protect you and your family. Let us help you stop the foreclosure process with lower mortgage payments and modified terms to help get your finances back on track.
If there are any Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA) or predatory lending violations, the attorney will know it and will use this knowledge to your advantage. For example, your lawyer could threaten a recession of the loan or litigate, causing the lender to return ALL fees and interest paid through the loan.
Our Real Estate Attorneys know Foreclosure Laws.
Even if there aren't any violations, the attorney would know how to use these Acts to persuade the lender into cooperating and working out an agreement with you that you can actually afford each month. Loan modifications are less of a loss to lenders than foreclosure. According to research by FBR Capital Markets, the projected loss severity for a bank from a loan modification was 12%, compared with 42% in case of foreclosure.
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