I’m pleased to announced that I prevailed today in bringing a lawsuit against a national lender for the denial of a loan modification. The court rejected the lender’s argument that the lawsuit should be dismissed, allowing the lawsuit to go more »
The final deadline for HAMP (“Home Affordable Modification Program”) is rapidly approaching: applications for this federal program are due December 30, 2016. HAMP is a federal program aimed at helping struggling homeowners avoid foreclosure. Eligible homeowners can obtain a loan more »
Applying for a loan modification can be an incredibly frustrating experience. Anyone who hasn’t tried to submit one of these applications to a loan servicer has little idea of how much time and work can go into this process. I more »
The Massachusetts Appeals Court issued an important decision last week in Santos v. U.S. Bank (full decision below) regarding a loan modification denial. The Court rejected the borrower’s negligence claim, but acknowledge that other grounds exist for fighting a loan modification more »
I write often about loan modifications, but I’ve had many clients ask me what is a loan modification, and how does it compare to a loan refinance. It is an important topic, as loan modifications are essential for foreclosure defense. more »
Question: What is a principal forbearance? Is it the same as principal forgiveness? Answer: No. A homeowner applying for a loan modification often owes a great deal on his or her home. As such, a loan modification attempts to make more »
A recent report from the federal government shows that loan servicers are offering few loan modifications to borrowers through the federal government’s Making Home Affordable Program. This program, created in the wake of the financial crisis, was intended to keep struggling more »
A recent Wall Street Journal article discusses the ongoing conflict regarding principle reduction for mortgage loans. As the article stresses, Fannie Mae/Freddie Mac—two of the largest holders of mortgage loans in the United States—usually do not permit principle reductions of loans (where the more »
The Federal Government announced last Friday that the Home Affordable Modification Program (“HAMP”) has been extended to the end of 2016. HAMP was set to expire at the end of this year; this extension provides homeowners with additional time to more »
I recently published a guide on Avvo.com on “How to Fight a Loan Modification Denial.” As I state in the guide, fighting a loan modification generally requires a lawyer’s help, but this guide has advice on what can be done to prepare more »
