There are a lot of other people in your shoes. Predatory lending practices have caused them to purchase a home that they thought would be a good investment but which turned out to be a financial burden that they couldn't afford. Many people have found themselves with a loan balance that is much greater than the value of their home. CDA understands the mortgage modification process and they have the experience to work directly with the legal department of your lender and bypass the functionaries and loss mitigation departments whenever possible. This will help you get the relief as quickly as possible to reduce your monthly mortgage obligation and stop the foreclosure on your home.
When choosing a company to help you with mortgage modification, it is important to keep in mind that this is a fairly new industry. There are few regulations on who can claim to be mortgage modification companies and former mortgage brokers, debt settlement companies, and scam artists make claims of being attorney based, assisted or backed. These companies do not provide you with an actual attorney to represent you like those at CDA Law Center. They can't invoke your legal rights or dispense legal advice to you when you need it the most. The result of using these companies may be a forbearance that only buys you a little more time without changing the terms of your original agreement.
With a mortgage modification, you may lower your monthly payments or fix your interest rate. In some cases where the amount of the loan exceeds the value of the home, you mar even get the loan balance reduced. Foreclosure is not an option that you should take lightly. Not only will you lose your home, it will likely be sold and anything more than the balance of the loan may go to legal fees for the foreclosure. You won't be able to get a new mortgage for years and your credit score will be reduced by several hundred points. Don't let your financial burden get to the point of foreclosure. Let the lawyers at CDA work towards getting you a mortgage modification so that you can afford to make your payments and keep your home and your good credit. Visit CDALawCenter.com and schedule your appointment today!