Foreclosure Prevention Programs Increasingly Common, Says WT Lee & Associates
Loan Modification Is One Option for Distressed Homeowners to Consider -- but Sometimes, Obtaining a Modification Can Prove Challenging, Warns WT Lee & Associates
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 05/09/13 -- Nationally, the housing market has grown by leaps and bounds in recent months -- but according to the law firm of , there are still many homeowners who are struggling. The firm points to a recent news from NJ.com, which notes that, while home sales are improving and distressed mortgages are becoming less numerous, there are still many homeowners struggling against their financial burdens, and desperate to avoid foreclosure. Options for averting foreclosure are available, but, as the NJ.com article makes clear, these options can sometimes prove difficult for homeowners to implement. WT Lee & Associates has released a new statement to the press, commenting on these circumstances.
The NJ.com article notes that many banks and major lenders claim to offer resources for homeowners struggling with their finances and zealous for remaining in their homes -- but access to these resources is frequently difficult to come by. The article notes the story of one New Jersey native who was contacted by her bank, Bank of America, and asked if she would like the lender's assistance in finding her way back on track, financially. When she returned the phone call to take advantage of this offer, however, she found herself being given the runaround.
According to WT Lee & Associates, this kind of occurrence is tragically common. The firm notes that options such as loan modification are viable solutions for many homeowners, and yet getting a lender to agree to a modified loan can prove vexing -- unless the borrower has an attorney present. "As we so often see, a homeowner who tries to get a modification without the help of an attorney is sent from department to department without any real assistance being offered," notes the firm in its new press statement.
WT Lee & Associates is a law firm that specializes in just this kind of service. The firm is zealous for helping clients get on track financially, all while avoiding foreclosure.
Surprisingly, the NJ.com finds executives from major lenders -- such as Bank of America -- who are willing to note that the loan modification process is "very frustrating" for homeowners.
By working with a firm like WT Lee & Associates, however, homeowners can hope to obtain a loan modification; NJ.com notes that Bank of America has modified more than 35,000 loans, in New Jersey alone, since 2008, with other major lenders offering similar programs.
ABOUT:
is a law firm that strives to help homeowners remain in their homes, even during periods of financial crisis. The firm offers a number of foreclosure prevention services, including guidance through the loan modification process. Additionally, WT Lee & Associates provides services in real estate litigation, in bankruptcy law, and in upholding the rights extended through the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. Ultimately, the firm's passion is for working to help homeowners and their families find the best way forward out of economic uncertainty, and toward reaching all of their financial dreams.
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Datum: 09.05.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 258048
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