San Diego Home Loan Modification

Considering a Loan Modification? Talk to a Lawyer First.

The Obama administration instituted the home loan modification process as an alternative to foreclosure. For some, this is a promising alternative that lets an individual or family negotiate a lower loan payment or reduce mortgage debt. However, loan modification is not the right choice for everyone.

Attorney D.J. Rausa provides advice to clients considering a loan modification, and to those whose loan modification fell through. To speak with a San Diego lawyer with nearly 20 years of experience, contact us today.

The Problems With Loan Modifications

There are significant problems associated with the home loan modification program, including:

• Typically, a mortgage company will not discuss a loan modification until the homeowner is behind on payments.
• You will need to fully disclose your financial situation, allowing the mortgage company access to your full debt history.
• Loan modification does not slow down or stop the mortgage foreclosure process. Your house could be lost to foreclosure during loan modification negotiations.
• Loan modification agents, real estate professionals and other "loan modification specialists" are often untrained and uninformed and can complicate the process.

Mortgage companies are overwhelmed with loan modification requests and do not have adequate staff to handle them. They lack the key personnel to make the decision-making process smooth, and often misplace paperwork. Thus, the process can be both difficult and frustrating.

Contact a Mission Valley, CA, Avoid Foreclosure Lawyer

To ensure that your rights are protected, engage the services of a lawyer early in the process. Attorney Rausa will give you an honest interpretation of your situation and the options available to you to avoid foreclosure. You can expect nothing less than exact answers to your questions and compassionate advice during this difficult time.

Call us toll free at 1-888-712-5978 to schedule a free initial consultation with an avoid foreclosure attorney. Consultations are available by appointment during regular business hours. Evening and Saturday appointments are available.

Free Initial Consultations * Available Evening and Weekend Appointments