There is little information available to homeowners facing possible foreclosure or attempting to renegotiate a mortgage as lender practices are individual. From my own practice, when I say individual, I do not mean from lender to lender, but borrower to borrower even within the same lender! There are no consistent policies, timelines or procedures despite legislation introduced to produce fair and equitable results for consumers. At the same time that information and consistency are lacking, misinformation abounds. You will hear things from co-workers, friends, family and even your mortgage company that may be entirely wrong, or possibly illegal.
Consult with an attorney if you have questions about steps you can take if you are behind on your mortgage.
Disclaimer: This blog is for informational purposes only and does not establish a client-attorney relationship. Consult with an attorney before taking action on any information found herein as individual circumstances may affect the applicability of information provided. Call The Law Office of Michael Riley at 508-405-0831 with any questions.
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