Malik Ahmad Attorney at law asked:


Get Education on Your Rights -Read and Know Before You Do Anything.

Hire a Qualified and Licensed Attorney for Your Loan Modification

The last 5 years is nothing but violations of all kinds of laws including TILA, RESPA and HOEPA by all kinds of lenders including the big lenders. My bad list of lenders include Countrywide, WAMU, and of course Citi. City has already eaten up 40 billion of federal money, and is still teetering on the brinks of a disaster. They are also at the same most arrogant and unhelpful lenders. Most of the foreclosure mess is created by these bankers, including of course many small bankers. They over qualified people who could not handle the burden of loan. These folks should not have been home buyers in the first place. The example, I give quite often is of my son is 10 years old and is in 5th grade. I give him one dollar every day for his allowance. Imagine if I start giving him instead $100 every day for his pocket allowance. It would spoil him in less than one month and show him how to be financially irresponsible. It is another thing if I open a saving account and put $100 in his account every day. Of course that would be a fantastic idea for his college education and bright future.

There is No More Waiting Required— You Waited Long Enough.

The foreclosure process is designed so that you have time to get back on your feet and save your home. But that doesn’t mean it’s safe to procrastinate. The longer you wait, the harder it gets to get you out of that fix. As soon as you decide you need mortgage help, call for a loan modification help and get started.

Who Else But a Qualified Attorney?

Your lenders policies have hurt you too much. Your broker (former) and loan officer along with mortgage bankers and all the other allied people have hurt you much. IN fact, this foreclosure fiasco was caused originally by combination of all these folks and their unlimited greed. Don’t let them continue this game. We all are hurt by this collective deceptive practice. So let us work together and stop it.

Don’t file for bankruptcy, unless you really have to.

Filing bankruptcy is not a solution; at the most it would delay the process. In some cases, it would jeopardize your loan modification process. Remember Automatic Stay under bankruptcy and then affirmation of debts. They are time consuming things. You lose the leverage and deterrence of bankruptcy to use in your loan modification. I never file bankruptcy before loan modification. In fact, in my law office, I keep them separate and never unify them. Because of the knowledge of bankruptcy, foreclosure, and loan modification: an attorney can be uniquely qualified to cover all these areas and knowledge of all these areas, would be very helpful. Just don’t file bankruptcy at the very outset. It may give some time but it is not the solution. Also, please don’t file bankruptcy just for your home loan unless you have lots of unsecured debts

Do Have Any Alternative Plan.

Why Do Lenders Prefer Loan Mod Over Foreclosure?

-Loan Modification is a temporary help. Get qualified for this. There is nothing to be embarrassing in all this issue. Lots of these things had happened out of our control.

-Your lenders are still difficult to work with; they have built fireballs around which you have to cross.  The secret is that by doing loan modification they are helping themselves. On a cost benefit analysis, they lose more money in a foreclosure. It saves money, and this is a time tested factor that lenders save money on loan modification and lose money in foreclosure.

Let us analyze the situation here in greater details.

Loan modification is cheaper. They deal with one borrower only and not a plethora of people like default agency, governmental agencies, and the auctioneer and furthermore a new person in the entity who is stills an unknown commodity. A loan modification takes place in 30 or 60 days while the foreclosure process is long and it has its statutory limitations. The paperwork is less in loan modification compared with foreclosure process. In foreclosure, your lender will assess all kinds of late payments, expenses and attorney fees, and of course a repair for the home to make it at least presentable. All these add up in the cost to lender. Your lender is tired of foreclosing home. They have a high list of REO properties, and no one is buying them. A loan modification process can slow down your foreclosure process but it is not a safe guarantee against the foreclosure. However, as long as borrower is talking, communicating with their lenders, they would not or at least hesitate to send their home to the auction block. Ideally speaking, don’t sit and wait for this time to come. Do something now. It is the time. It is your home. Find someone who is professionally qualified to help you. It is your local attorney who has a local office, easy to find and communicate and licensed in the State of Nevada.

1. Put everything on paper. It’s not uncommon for lenders, especially smaller ones, to lose track of your application. To prevent delays, make sure all your efforts are documented and kept on file. This includes all the calls you make and receive, both from your lender and loan modification attorney. Keep receipts of all your transactions, and make copies so you don’t have to let go of the originals.

2. Do your own financial statements. Part of every home loan modification is a financial worksheet, which will be your main basis for qualification. Most lenders have their own forms, but it won’t hurt to make your own as well. If your lender insists on using their worksheet, at least you’ll have all the information ready.

3. Be as detailed as possible. Too much information is better than too little, and it limits the chances that they’ll call you for more information. A typical worksheet for a mortgage home work modification will include the following:

-Your contact information (address, home phone and work phone, fax and email) -Information about your property, including the estimated value -Your current income -Any additional income, such as welfare, child support, etc. -Your estimated total value, including other assets such as real estate, savings and checking accounts, IRAs, 401(k), stocks and bonds.

-Liabilities, such as existing loans monthly bills, medical expenses, and tax liens

4. Keep all your bills. Keep track of all of your bills in a methodical order. Make sure you write down your grocery bill, your utilities, including water, power, gas, and trash charges. Now, add on your monthly bill of HOA, any other community charges, your insurance charges, your child support, and other alimony issues or legal expenses. Possibly, a positive cash statements would be an ideal one to work with banks.

 

William Perry asked:


If you want to find good bankruptcy attorneys in California, you are certainly not alone. Since the state is so big, it is certainly not short on bankruptcy lawyers wiling to work with you.

Of course, the difference in quality from one to another can vary tremendously, so here are some tips to help you find the best ones.

Keep in mind that the most popular form of bankruptcy simply involves selling your assents and using the proceeds to pay off your various debts. You have to shut you’re your business in order to do this one. This is the most popular, but not necessarily the best form for you, depending on your situation. This is chapter seven bankruptcy.

The other popular form, chapter eleven, is what’s known as reorganization. For this, you will be able to keep running your business, while at the same time eliminating your bills.

In this instance, you have a certain period of time to pay off your debts, usually laid down by the courts, but the good thing is, you don’t have to give up your personal belongings.

This is obviously the preferred form of bankruptcy, but is highly dependent on your situation whether or not this will work for you. If the courts don’t think you are able to do this form, you will have to go the chapter seven route.

First of all, bankruptcy attorneys in California (or anywhere else, for that matter) enable you to get rid of your debt and also use your assets to pay off your bills. They can also assist you in developing a plan to pay off your bills, obviously an essential function.

Of course, the best service they provide is that they understand the US bankruptcy laws, so that you can get the best possible settlement possible. If you attempt to represent yourself, you very likely will end up being much worse off than you might otherwise be had you taken the time to invest in a lawyer.

Obviously, this is a large investment in and of itself, but more often than not pays itself off because of the knowledge they bring to the table.

Chad Fisher asked:


The Bronx is New York City’s northernmost borough, located northeast of Manhattan. The population of The Bronx is estimated at over 1.3 million which ranks fourth of the five boroughs. Located on the US mainland, The Bronx is separated by The Hudson River from New Jersey to its west and the Harlem River which separates it from the island of Manhattan to the southwest and the East River which separates the Bronx from Queens to the southeast.

The Bronx includes several small islands in the East River and Long Island Sound, most notably Rikers Island in the East River is home to the Rikers island jail facility. City Planning has 49 neighborhoods in the Bronx; notable Bronx neighborhoods include the South Bronx, Little Italy on Arthur Avenue in the Belmont section, and Riverdale.

 

There are many experienced bankruptcy attorneys in the Bronx. The quickest way to find a local Bronx attorney is to use Google search. If you type in, “Bronx Bankruptcy Lawyers” you will get a number of local lawyers that show up on the Google map in the Local section of search. You can also check out the sponsored search section, there are a number of attorneys that pay good money to show up at the top of the search results. Lastly, take a look at the organic search section – it’s right below the local results and is the “true” results from Google based on the content and back links to your site.

 

There are many online lawyer directories that have catalogued hundreds of bankruptcy lawyers, this is an easy way to search and beats hunting through Craigslist, the phone book or a trade magazine. You should always ask for a referral, there’s a good chance a co-worker or friend has needed a bankruptcy attorney.

Chad Fisher asked:


If you need a bankruptcy attorney that speaks Spanish, there are plenty out there for you to find. Many lawyers have translated their entire web site into Spanish or at least they have contact us information in Spanish so you can quickly find out your options. If you call up a lawyer and can only speak Spanish, the lawyer may have someone on staff that can speak Spanish or can translate to get you the help you need.

You may also want to check out a Spanish Yellow Pages and find bankruptcy attorneys that are fluent in Spanish. If you can get a recommendation or a referral – that’s your best bet as you can feel comfortable with the integrity of the lawyer prior to you hiring him or her. There are online directories that have information about Spanish speaking bankruptcy lawyers – you can always use Google to search for what you need.

 

Make sure you can get a free consultation with any attorney prior to hiring them. There’s no reason you need to spend $300 up front just to talk to a lawyer and then find out they can’t help you with your specific problem.

 

Bring in records and any relevant financial information to your first consultation with a lawyer. The more information you have ready, the easier it will be for the attorney to figure out if you can file for a Chapter 7, Chapter 13 or maybe you don’t even need to file for a bankruptcy! There are plenty of Spanish speaking lawyers out there just waiting for you to give them a call, Se Habla Espanol!

Chad Fisher asked:


Wisconsin is a great place to live and work. Madison Wisconsin is home to the University of Wisconsin and is a lovely campus town with beautiful scenery. Green Bay is home to the Green Bay Packers and Lambeau Field where many classic football games have been played over the years. Milwaukee is the commercial hub of Wisconsin and many Fortune 1000 companies including: Johnson Controls, Northwestern Mutual, Manpower Inc. Kohl’s, Harley-Davidson and Fiserv.

Wisconsin has natural geographic boundaries of the Montreal River, Lake Superior and Michigan to the north and Lake Michigan to the east. The mighty Mississippi river helps form the state boundary in the west. Over 45% of Wisconsin is covered in forest, there are plenty of lakes – only Alaska, Michigan and Florida have more lakes.

 

If you need a bankruptcy attorney in Wisconsin there are many options. If you live near Milwaukee, you can grab a business directory and see who’s listed. Even easier, use google and search for bankruptcy lawyers near your city. There are online directories that contain reviews and research about Wisconsin lawyers that are useful for your search. If you find a couple that you like, call the Better Business Bureau to find out if there have been any complaints against that lawyer in the last few years.

 

If you can get a recommendation from a friend or co-worker, use that to help guide your search. Don’t forget to ask about a free consultation, you shouldn’t have to pay a lot of money to find out if bankruptcy is the right option for you.

Ryan Luv asked:


Are you facing bankruptcy and are scared of all the legal stuff that you do not quite understand. You will need a bankruptcy attorney who can solve your credit problem and save you from possible fiscal downfall.

Lawyers who specialize in dealing with bankruptcy cases are known as bankruptcy attorneys. Finding such a lawyer is now easier than before, you will need to log on to the internet and simply use websites that provide you a list of attorneys and lawyers according to your geographical region. This helps you locate lawyers quite easily and you will end up saving a lot of time.

Let alone single lawyers, you can find firms that deal in bankruptcy so you will have a complete organization backing you and serving your purpose for solving your financial crisis problem. These attorneys have been included in the list because they are one of the best in that region. You can not just trust these people, you can also check out about them with their previous clients who have consulted them about their financial problems.

Bankruptcy attorneys can save you from imprisonment, auctioning of your assets, your credit rating from falling down drastically, etc. these attorneys are well versed with the legal books that concern the personal finance laws. These attorneys also have contacts with all credit companies, therefore are well equipped to help you out with your credit problems.

Your bankruptcy attorney will charge you certain amount of commission, this too will be payable in parts if you cannot afford it at that point of time. You can decide with the attorney how much needs to be payable and at what time and date. You can build your positive credit rating once you are out of the financial crisis.

Finding bankruptcy attorneys need not be through someone you know. Finding them online can protect yourself and not let your financial problems be known to the world. Online you can save this embarrassment and can work secretly without giving stress to your family.

Online through these websites you can check out reputation and experience of your chosen attorney. This will help you remain discreet, you can also check out openly provided information by prior clients who have used services of this attorney. Bankruptcy attorneys will also help you in reducing rate of interest on your accrued credit card bills, help you in avoiding complete payment of your credit overdue, instead you can reach a settlement and pay only some part of the loan instead of paying the complete amount. This method has saved a great many families from reaching complete bankruptcy.

You can use services also for understanding the law for personal finances better, and also for finding out whether you are being outsmarted by the finance companies as regards to interests. This will help you in understand and saving your money at the same time not being taken by the finance companies for a ride. Bankruptcy attorneys can help you save yourself from financial disaster.