If you are behind on your mortgage and fear you will lose your home we can help modify your loan to keep you comfortably in your home, or, if you do not want to stay in the home, to avoid liability for a deficiency judgment.
Many homeowners have been the unwitting victims of abusive lending practices that have now threatened their homes and dreams. Using the cost of a contested foreclosure (due to the irregularities in the origination of the loan) versus a modification or deed in lieu of foreclosure/short sale, many loans can be restructured to rates and terms that save consumer's their most important possession - their homes.
The Truth About Foreclosure Prevention
For many homeowners, foreclosure has become a too real threat. Some made bad decisions, often suggested by lenders. Others were the unwitting victims of abusive lending.
The Debt Advocacy Center is committed to keeping owners comfortably in their homes, using unique and powerful tools based on combating improper practices and using proper underwriting.
New York's Attorney General accuses First American and Washington Mutual of using appraisers to overstate the value of home loans.
Appraisal Inflation By Kenneth R. Harney
Have inflated appraisals helped fuel the surge in foreclosures on credit-strapped borrowers? Are such appraisals at the core of many mortgage-fraud schemes?
Most holders do not really want to foreclose. The loan servicer, with which you deal, however, has little interest in avoiding foreclosure and is often at the root of the problem. When we present the real holder those improper practices and the cost of litigation versus a properly underwritten modification, a comfortable solution for the
owner is often the result.
Unlike other companies that simply spread what you owe out over time, the Center utilizes a team of attorneys and loan underwriters to obtain an affordable modification. Although not acting as attorneys, the Center is bound by the same Code of Ethics.
Next Steps...
Contact us for a free analysis of your situation. If we think you qualify for a modification or avoidance of a deficiency judgment we can work with you towards a successful conclusion.
