Good Morning America ran a piece recently on a strategy that more and more homeowners are using to prevent foreclosure: Asking banks to produce the note (legal document) that proves they own the debt. This won't stop foreclosure permanently, but it does buy time, since most lenders have to scramble to figure out where in the chain of banks, mortgage servicers and investors the note has landed. For some people, that's enough time to get the money together to save the home.
If you're facing foreclosure or know you will soon, and you believe you could save your home with changes to the terms of your loan, Howard Law LLP can help. Our Anaheim loan modification lawyers negotiate with banks for changes to the principal of the loan, interest rates or the length of the repayment period. To speak to us today at a free, confidential consultation, please contact us online or call 1-800-872-5925.