In California, Is a Home Loan Restructure the Answer?
Warning: There are numerous companies that advertise on television, radio and the Internet claiming to provide mortgage renegotiation services. Don't fall prey to a scam. Make sure you consult an attorney who is licensed and governed by the state Bar, not some fly-by-night operation that will only tell you what you want to hear.
Mortgage renegotiation can be an effective way to avoid foreclosure. It is possible for you to work directly with your bank to renegotiate a home lone or restructure a mortgage. Without the help of an experienced attorney, however, the best you can realistically expect to achieve is a temporary reduction in rate or temporary "interest only" payments. That may not be enough. Contact us today to learn how we can help.
Real, Legal and Ethical Mortgage Renegotiation
At the Los Angeles debt relief law firm of Weintraub & Selth, we offer real, legal and ethical options for homeowners facing foreclosure. We are different from so-called "stop foreclosure now" companies and unlicensed mortgage renegotiation services in three ways:
- At Weintraub & Selth, you will work with an experienced, licensed and insured bankruptcy attorney in good standing in the Southern California legal community.
- We will work with professional underwriting analysts to determine if you are a good prospect for mortgage renegotiation.
- Our lawyers have a proven record of success in obtaining quicker responses and negotiating permanent reductions in interest rates, substantial reduction in principle and even reduction of mortgage loan value to appraised property value.
It is important to note that the Obama administration may rewrite the Bankruptcy Code to allow mortgages to be rewritten under Chapter 13 bankruptcy. To learn more or to schedule an initial consultation, please call our L.A. offices at (310) 584-7702 or toll free at (866) 572-2423. You may also e-mail us now with any questions or to request an appointment.
