The foreclosure litigation attorneys at De Novo law firm can help you determine whether your loan qualifies for a claim under predatory lending. One indication of a predatory loan may be a lump sum payment. This term is called Balloon payments. Usually, the interest rates on these balloon loans are low, fixed interest rates that […]
A foreclosure litigation attorney will help their clients consider all their claims against their lender and loan servicer. One area of claims that receives a lot of attention is predatory lending. Predatory lending is a claim that the bank has engaged in abusive lending practices. Such claims are not new, but homeowners have begun to
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The short sale attorneys at De Novo Law Firm have advised numerous clients on foreclosure alternatives including short sales. A common question I am asked is what effect a short sale will have on credit. A short sale is an alternative to foreclosure but will still negatively affect your credit. This is because the FICO
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The loan workout attorneys at De Novo Law Firm recently obtained a loan modification with Chase bank on a multi-unit investment property. Our client purchased the investment property with her husband a few years ago. After her husband passed away, she had trouble maintaining the property and keeping up with payments. Through the modification process,
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At De Novo Law Firm, our loan modification attorneys start the loan modification analysis by considering who owns the loan. Chances are that your loan is backed by Freddie Mac or Fannie Mae. Both entities are government-sponsored enterprises (GSEs), meaning they are privately owned but receive government support. Freddie Mac and Fannie Mae work with
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Many of our clients have asked us what options one has if they can no longer make their mortgage payments and want to avoid foreclosure. One of the few options is to consider a short sale. So, how does a short sale work? In a short sale, a bank agrees to accept less for a
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As part of the bankruptcy process, a debtor must file several schedules in addition to their petition for bankruptcy. At De Novo Law firm, our bankruptcy attorneys have helped numerous clients navigate the process of chapter 7 bankruptcy and chapter 13 bankruptcy. The schedules are the main portion of the bankruptcy petition because they comprise
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Our office recently obtained a loan modification with GMAC bank. Although GMAC has since filed bankruptcy, we were able to save our client a significant amount monthly while keeping him in the home. GMAC filed bankruptcy and has now sold its loan servicing division to Green Tree financial and OCWEN. De Novo Law Firm has
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What type of results can you expect from a loan modification? Homeowner’s constantly face the question of whether or not a loan modification is right for them. Modification serves to do what it states, assist the borrower to make their home affordable once again. An attorney steps in to calculate what result would be the
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When filing bankruptcy in Riverside or San Bernardino, there are numerous schedules, statements, and petition that must be completed. While these documents are complex and require significant work, I recommend using a qualified bankruptcy attorney to file chapter 7 or chapter 13 bankruptcy. One of the documents that is required in all bankruptcy cases is
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