Loan Modification Help in Houston, TX

Loan Modification Help in Houston, TX

Since the mortgage crisis of 2008, programs have been developed to implement or streamline mortgage loan modifications.  Many of the major mortgage companies in the United States have agreed to participate in loan modifications.

Mortgage Loan Consultants:

Loan modification programs can be confusing.  You may be tempted to go to a consultant for a loan modification.  Do not fall for a scam.  Recognize that many of the major mortgage lenders in the United States voluntarily participate in loan modification programs.  To find out whether you can qualify for a loan modification, you can often just call your mortgage company.

The Texas Secure and Fair Enforcement for Mortgage License Act prohibits residential mortgage loan origination or negotiation unless the business is properly licensed.  Among other things, residential mortgage loan originators are prohibited from obtaining a fee or commission when no loan is actually obtained.

Before you consider using a mortgage loan consultant, we recommend that you become fully informed.  A suggested website is:  www.preventloanscams.org. The website is published by the Loan Modification Scam Prevention Network, a nonprofit.  Free foreclosure avoidance counseling is provided through the U.S. Department of Housing and Urban Development.  More information is provided at the HUD.Gov website: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm.

How can Keeling Law Firm help you?

Mortgage loan modifications take time.  Mortgage companies often have guidelines as to foreclosure when a homeowner is behind on their mortgage payments.  Sometimes a person in the loan modification department of a mortgage company is working with a client at the same time an outside lawyer is posting the property for foreclosure.

We work with clients to stop foreclosures before it is too late. 

If you have received a notice that your home may be posted for foreclosure, you must assume the mortgage company has authorized foreclosure even though a loan modification is pending. It is better to be safe than sorry.  Contact a qualified consumer bankruptcy attorney to protect your rights. 

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