As more and more individuals and families struggle to make mortgage payments they continue to turn to their bank for help. Most families immediately contact their bank and apply for a loan modification. But, contrary to what we read and hear on the news, loan modifications are not easy to obtain.
Homeowners seeking loan modification assistance, even those who haven't defaulted on their loan get lost in the proverbial loan modification maze. It's nothing more than a call-center made up of administrative traps and dead ends at each and every turn.
The system is simply overwhelmed. More than three years into the housing crisis and fewer than 10% of all homeowners needing assistance have received the help they need. Yet, the mortgage companies insist that they have this great track record. What they don't mention is how many foreclosures have resulted from their call-centers maze of mistakes.
To the homeowner… it's a nightmare.
They spend hours upon hours, week after week, and as much as 12 months, sometimes even more, trying to work through this maze to get the help they need. They spend countless hours on the phone with these call-centers faxing and refaxing the same paperwork sometimes 3-4 times before someone at the call-center finally verifies that the paperwork was received. Only to get a letter in the mail a short time later stating that the request for modification was denied because the bank hadn't received the paperwork.
I continue to hear these horror stories almost every day from homeowners spending more than a year, that's right more than a year, trying to have their mortgages modified. They are faced with the banks call-center maze of stall tactics, continuous delays and ultimately denial and foreclosure.
So what does a homeowner need to do?
Begin by not wasting any more time and immediately get the help you need.
If you are one of the many individuals and families struggling to make mortgage payments you should immediately consider hiring an experienced debt relief and foreclosure defense attorney.
The Carman Law Firm can protect your rights, and get you the help you need. We will represent your best interest and handle all of the negotiations with your bank.
When you work with us, you will be working with a team who believes in bringing you all the information and skills we can. We consider it our duty to help you analyze your situation, and we will provide you with every detail to ensure you make the most informed decision. We can also assist you with settling your credit card debt and provide active credit repair, helping your credit score rise as soon as negotiations are completed.
The Carman Law Firm can assist those in need of debt and mortgage relief. With many options available and trusted answers to questions that someone might have about regarding credit card debt, short sales, loan modification, foreclosure and strategic default.
Begin protecting your family's best interests today; Call the Carman Law Firm
at 1-800-763-0775 for an informative and free comprehensive consultation on how the Carman Law Firm can help you. We can also be reached by email at info@carmanlegal.com