Loan Modifications And Short Sales
Since 1979, The Karlin Law Firm LLP has been a dependable legal resource for individuals, business owners and companies dealing with complicated real estate matters involving loan modifications and short sales. We have successfully handled loan issues with some of the largest lenders in California and throughout the nation.
From our Tustin and Newport Beach offices, our Orange County loan modification lawyers are prepared to help you achieve the best results in your case. If a favorable resolution cannot be achieved through skillful negotiation, we won’t hesitate to bring your case to trial.
Effective Newport Beach Mortgage Debt Lawyers
Loan modifications and short sales that involve foreclosures and strategic defaults on loans are complex, and small mistakes can have significant consequences. Dealing with the Home Affordable Modification Program (HAMP) can be time-consuming and frustrating. A lawyer who is thoroughly familiar with California real estate law, like those at The Karlin Law Firm LLP, can help you achieve the best results.
When you contact our firm, you can expect our accomplished team of professionals, including AV-rated* attorney, L. Scott Karlin, Michael J. Karlin and David E. Karlin, to assist you with your matters involving:
- Loan modifications
- Short sales
- Home Affordable Modification Program
- HAMP (BofA, Chase, Citi and other lenders)
- Deficiency, anti-deficiency statutes, deficiency judgments
- Attachment of accounts if in default
- Strategic defaults
- Truth in lending
- Regulation Z
- Predatory lending
- First trust deeds
- Second trust deeds
- Hard money loans
- HELOC loans and deficiency
- Principle reductions
- Credit-related issues
- Bankruptcy matters as they may pertain to foreclosures (cram downs and relief from stay for lenders)
Under HARP, some of the qualifications are as follows:
- You must be able to make your mortgage payments moving forward.
- It doesn’t matter what you owe or how upside-down you are.
- You must have a fair credit score.
- Subject property can be your owner occupied residence OR a rental property.
- Property can be a 1-4 unit property.
- Your loan must be owned by Fannie Mae or Freddie Mac (look up who owns your loan by clicking these links). Then, check eligibility by applying (even if you do not see your loan as being owned by Freddie Mac or Fannie Mae, it may still be. Apply to check eligibility).
We understand that your property may be in jeopardy, and the only way to protect it is by contacting a skilled real estate attorney. We strive to effectively negotiate your loan modifications with your lender if that is in your best interest. If a beneficial agreement cannot be settled upon, we can help you determine if a short sale would be your best option.