Stop Foreclosure of Your Home and Refinance

Are you one of the many Californians struggling to keep up with your refinanced home loan? You may have options other than foreclosure or bankruptcy. If your lender violated the law, you may be entitled to a significant reduction in your loan balance, and attorney fees. You could be entitled to stop your foreclosure and save your home. You may have heard about Bank of America's proposal to settle potential law suits over the predatory loans initiated by Countrywide Financial. Other banks' lending policies are not perfect either. If you have mortgage with Washington Mutual, now JP Morgan Chase, you may be wondering what is going to happen to your home loan. Whom do I have to pay my mortgage to now? You may be wondering. Will Chase change my home loan terms? You may be struggling with your mortgage payment and increased interest rates. Do you want to stop foreclosure and keep your home? You may qualify for a loan modification.

A loan modification is a process whereas your loan balance or your mortgage interest rate or both are reduced. Loan modification programs are very popular in today's economy. But not every home owner will qualify for a loan modification. You can have an experienced real estate lawyer review your loan documents for Truth in Lending Act (TILA) violations. In that case, you will end up paying significant fees just to have a lawyer look at your loan documents. Or you can save money by doing your loan modification yourself. To learn more about loan modification, check out Loan Modification