Laguna Hills, CA (PRWEB) December 16, 2008
In these times of economic crisis, a lot of are struggling to preserve up with their mortgage payments. Even even though foreclosures are at their all time highest levels, there is yet another way out. The Law Offices of Marc R. Tow is pleased to announce the development of The Loan Modification Division. The new department was formed as an answer to the overwhelming calls for support from home owners facing foreclosure or undergoing economic hardship.

The Loan Modification Department at the Law Workplace of Marc R. Tow is the foreclosure alternative. The California-primarily based law firm re-structures terms of existing mortgages to make payments a lot more cost-effective. The firm employs a competent group of monetary and mortgage authorities, along with the lead lawyer Marc R. Tow, whom have helped thousands of property owners in crisis, steer clear of foreclosure.

Homeowner’s across the nation are locating it hard to escape the disaster that as soon as was the mortgage euphoria. According to a report by the Mortgage Bankers Association in March 2008, “Far more than a single of each 20 property mortgages was delinquent for the duration of the final 3 months of 2007, the highest level in 23 years”. According to the professionals, far more than 3.six million mortgages have been past due or in foreclosure proceedings across the country during the final 3 months of last year. Loan modification will keep you from getting a single of these statistics.

The law workplace group functions to assist clientele stay in their residences and keep away from foreclosure without having declaring bankruptcy. Mortgage modifications won’t take place overnight but obtaining help from competent loan modification lawyer who will work to negotiate the greatest possible terms is a good commence.

The loan modification method begins with a consultation to make positive the modification is appropriate for our client. They appear closely at the homeowner’s position, documents and economic predicament to be specific that it is a case that will get a favorable modification. This is followed by an in-depth review and analysis of the financial documents. This info is utilised to structure the package that is sent to the lender to commence the negotiation procedure. This cycle will continue until an acceptable agreement has been authorized by the homeowner. As soon as the final loan modification has been accepted the homeowner can start the new payment schedule.

The deteriorating economic and real estate industry are causing rise to numerous unreliable loan modification organizations. Before anybody secures a firm to operate on their behalf in regards to a loan modification there are many factors to think about. Only law firms are tied to a strict set of legal and ethical policies that other firms are not. Also a lot of organizations outsource the negotiation approach and because of this they do not have full manage of the homeowners’ circumstance. Feel secure that as a law firm, the loan modification group is held to a larger regular than most other firms and that they are in continuous communication with their consumers in the course of every step of the approach.

The Loan Modification Division has all the encounter and expertise that is required to get the job done. The Law Offices of Marc R. Tow can be reached at 800-738-1170 Loan Modification Attorney

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