H.A.R.P. (Home Affordable Refinance Program)
Home Affordable Refinance Program is available to those who have a good and solid payment history on an existing mortgage owned by Fannie and Freddie Mac. Under this program, a homeowner who is regular on mortgage payments, but unable to refinance to a lower interest rate because of a decrease in home value, is able to refinance. These homeowners are eligible to refinance their loan to take advantage of today’s lower mortgage rates or to refinance an adjustable-rate mortgage into a more stable mortgage, such as a long term fixed rate loan.
H.A.R.P. 2.0 (Home Affordable Refinance Program 2.0)
This is a re-adjustment of the original HARP (Home Affordable Refinance Program) program, a mortgage tool for borrowers who could not refinance the conventional way due to a loan-to-value (LTV) ratio exceeding the value of the home (e.g. their home was underwater).
Short Sale Program
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens’ full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties. However, in California, legislation was passed to preclude deficiencies after a short sale is approved. The same is true of lenders on first loans and lenders on second loans — once the short sale is approved, no deficiencies are permitted after the short sale. (SB 931, SB 458 – Calif. Code of Civil Procedure §580e).
A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. Both often result in a negative credit report against the property owner.
Mass Tort Mortgage Litigation
This type of litigation is often compared to a ‘class action’ suit but benefits the homeowners substantially more than that type of law suit. This is a cost effective solution for homeowners seeking an aggressive outcome for their mortgage. By joining forces with other homeowners, the costs of litigation are made affordable.
In multiple plaintiff litigation, most of what is awarded goes to the homeowners.
Individualized Lender Litigation
This service is great for the homeowner who requires individual attention. This type of litigation tailors each case specific to the homeowner’s distinct situation, identifying particular causes of action relevant to each homeowner. Law firms utilize this legal strategy in an attempt to negotiate successful outcomes for their clients. In individual lender litigation, the homeowner can file a lawsuit against their bank and any other parties involved for illegal acts that were possibly committed against them.
Court Forms Preparation
This program allows a homeowner the ability to file their own complaint against their mortgage lender. This service is comprised of a team who gathers, inputs, and files your specific causes of action into a Pro-per complaint and assists each homeowner in all court forms.
Mortgage Loan Audit
This is a full analysis of your loan documents to determine any mistakes that have been made by your mortgage lender. Over 90% of all loan documents have federal and state violations. This provides the leverage necessary to obtain the necessary settlement for your mortgage loan.
Sample Audit here.