Facing foreclosure is a difficult scenario. Different emotions are felt throughout the process. It is one of the more difficult events / scenarios a home owner will face in their life. At Royer Law we are mindful of the stress faced by our clients and do everything we can to work towards our clients’ goals and alleviate their stress. Whether that goal be home retention through a reinstatement or loan modification, getting rid of the property through a deed-in-lieu of foreclosure or a short sale, or just trying to get some time to review all options we can formulate a plan for you.
Every client and prospective client is treated to a comprehensive free initial consultation with an attorney where we discuss what options exist and what a client’s goals are. A strategy and plan is determined to work towards meeting the client’s goals and reasonable expectations are discussed and set.
Once a client officially becomes a client through entry of a contract for legal services the work begins immediately as steps are taken to work towards a client’s goal, whether that be a loan modification, short sale or deed-in-lieu of foreclosure all while putting up an aggressive foreclosure defense.
At Royer Law we have a team of Negotiators to assist with loan modifications, deed-in-lieu of foreclosures, short-sales.
A loan modification is exactly what the term implies, it is a modification of the existing mortgage note. Loan Modifications can lower interest rates substantially, decrease the principal balance owed on the mortgage note, waive and remove missed payments and late fees and interest, extend the term of the loan, and / or reinstate the balance owed to bring the homeowner current.
Anyone who has attempted a loan modification on their own knows how stressful and ridiculous the process can be. Banks will tell consumers that they are missing paperwork, that they never received paperwork, that they need more paperwork and updated documents consistently while “reviewing” loan modifications. At Royer Law, we cut through the nonsense and stay on the bank throughout the loan modification process, not giving the bank an opportunity to play their normal games and try to simplify the process for the homeowner.
There are many federal loan modifications programs that some banks must comply with and there are also many in-house loan modification programs that banks can consider. At Royer Law we take the hassle of dealing with the banks out of your hands. We do all loan modification negotiation and work on your behalf to try to get you the best deal available to you. Also, banks may work creative loan modifications when the homeowner has obtained leverage through aggressive foreclosure defense provided by Royer Law.
Representing scores of clients through the loan modification process we have developed a streamlined custom approach to seeking loan modifications for our clients. We have experienced permanent loan modifications across the map for our clients from drastically reduced interest rates to substantial principal reductions with lower monthly payments.
Every case is different and no two (2) results are ever the same, but at Royer law we will work for you to get the best possible loan modification available to you.
Call or email today to get your free consultation and let Royer Law start working on your loan modification.
A short sale is when a property is sold by a seller for less than the amount owed on mortgages and liens attached to the property. For example, if a home is only worth $150,000.00 but a homeowner owes $200,000.00 they may be able to sell the property for the $150,000.00 if they can obtain bank approval.
At Royer Law we offer services tailored to clients seeking to short sale their property. Ed Royer is also a Realtor as well as a real estate attorney and this special training and experience allows for excellent service.
It is always a great idea to have an attorney represent you in your foreclosure defense leading up to a short sale. Additionally, you definitely want an attorney to review all paperwork related to a short sale to make sure that you fully understand the transaction and what ramifications may come of the short sale.