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Foreclosure Defense And Loan Modifications: An Overview

If you are unable to keep up with your loan payments and/or facing foreclosure, there are legal options available to you. The Law Offices of Richard Scott Zirt assists clients in the mid-Hudson Valley area with negotiating loan modifications. Richard Scott Zirt represents clients in court defending foreclosures. He understands that overwhelming debt and the possibility of foreclosure can be frightening, stressful and confusing. That’s why he provides personalized guidance and advice to ensure that his clients are aware of their options, rather than feeling hopeless.

Trust An Attorney Who Values Their Clients

The right attorney can build a strong foreclosure defense based on the lender’s ability to adhere to procedure. For example, when a property is going to be foreclosed upon, the lender must go through a highly technical process with a long list of requirements. Common technical mistakes that an attorney can use for their defense include:

  • Not fully disclosing fees and charges
  • Predatory lending
  • Lack of disclosure during the foreclosure process
  • Lack of disclosure with loan terms
  • Failure to negotiate in good faith
  • Violating TILA and RESPA
  • Lack of standing to bring foreclosure proceedings
  • Inability to produce documentation
  • Conflicting documentation

By negotiating with the financial institution that owns your loan, attorney Zirt may be able to modify the terms of your loan. Modifications may include lowering the interest rate, extending the duration of the repayment period, changing the type of loan or a combination of these actions. It can be difficult to get a loan modification without representation from a licensed attorney. Attorney Richard Zirt has extensive experience communicating with loan providers, and he knows what to do to achieve the best possible outcome for you.

Call Today For Experienced Guidance

If you are facing a foreclosure, there are several options that may allow you to keep your home. Chapter 13 bankruptcy, refinancing and loan modifications are some of the most common methods. In some cases, you can contest a foreclosure on the grounds that the mortgage company filed the foreclosure improperly. Attorney Richard Zirt has successfully represented clients in foreclosure proceedings for many years. Contact his office in Monticello today at 845-681-0795 to find a solution to your debt problem.