Salt Lake City, UT (Vocus/PRWEB) April 19, 2011
The Utah law firm Law Offices of W. Sean Mawhinney released a statement nowadays concerning the current passage of HB 93: Mortgage and True Estate Licensure Exemptions for Attorneys. This bill, signed by Governor Gary R. Herbert on March 30th, supplies exemption from licensure for attorneys below particular circumstances. Lawyer Mawhinney applauds this bill and believes it will aid several home owners stay away from foreclosure.

Property owners in Utah face a single of the highest rates of house foreclosures in the United States. Nevertheless, most banks would rather operate out a mortgage solution than foreclose on a house, as foreclosure is not cost-powerful for them. Negotiating a loan modification can outcome in stopping foreclosure.

The passage of HB 93, Lawyer Mawhinney points out, gives attorneys an elevated capacity to assist their consumers modify their loans and stay away from foreclosure or bankruptcy. Prior to HB 93, attorneys had been necessary to be licensed by the Division of Real Estate in order to negotiate reasonably priced mortgage terms with lenders. Now, attorneys working in loan modification are exempt from this mandatory licensing.
Lawyer Mawhinney explains, Attorneys are now uniquely empowered to employ any implies essential for the economic betterment of their clients. This consists of loan modifications, brief sales, credit repair, debt settlement, and bankruptcy. With this bill, only attorneys have all of these tools at their disposal. This allows us to be the aid that individuals so desperately require in todays economy.

The Law Offices of W. Sean Mawhinney is a complete-service debt relief law firm. The firm provides clients with all necessary sources to help them out of monetary debt. Regions of practice consist of: