Law Firm’s Loan Modification Department Offers Assist to Struggling Home owners


Dana Point, CA (PRWEB) November 12, 2008

Homeowners across the U.S. are still feeling the crunch from the housing bubble that hit the country earlier this year. As sub-prime mortgages reverted to typical interest prices, a massive number of home owners have located themselves unable to make ends meet, and many have lost their homes to foreclosure. The quantity of foreclosures peaked in 2007, and according to professionals, the predicament is however to stabilize.

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The Loan Modification Division of the law offices of Christian Dillon, delivers a promising remedy to home owners at threat of losing their homes. Loan modification is a contract in between a lender and borrower to restructure a mortgage, designed to help struggling borrowers meet their financial obligations. The Loan Modification Division helps property owners negotiate greater rates with their lenders and stay away from drastic measures such as foreclosure.

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The group is led by Christian M. Dillon, an established lawyer who has handled more than 4,000 productive loan modifications. Dillon has been in the business for 20 years and has established contacts with all significant American lenders. The rest of the group consists of seasoned attorneys, mortgage and genuine estate specialists, and hardship analysts, all of whom ensure full representation for property owners in financial difficulty.

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The loan modification approach begins with a legal consultation. The Loan Modification team will overview the borrower’s financial situation and history, ask for supporting documents, and then will function out a customized negotiation plan. Also part of the program is to assessment the original loan documents for violations of the Genuine Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA), which can be utilised as leverage in the course of the appeal. The group then sends the application to the lender and starts negotiations.

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The Loan Modification Department requires pride in its aggressive yet measured method to the loan modification method. All consumers are completely informed of their possibilities, and are guided through the application from start off to finish. Unlike other folks, the law offices of Christian Dillon will preserve negotiating till lenders make a affordable supply. Dillon and his group have effectively negotiated interest prices to as low as 2.5%, and can quit foreclosures even soon after the homeowner has received their notice of sale.

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The real estate crisis has brought on a substantial rise in loan modifications, and subsequently in loan modification firms. But the Loan Modification Division of the law offices of Christian Dillon has a clear head begin and remains a single of the most ethical and trustworthy loan modification firms in the Southern California region. Interested home owners can reach them at 800.738.1170 or pay a visit to Loan Modification Attorney

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