As households across the nation continue to face the threat of foreclosure, many homeowners are looking for[IMAGE]
new loss mitigation options. In fact, some at-risk borrowers want to pursue a loan modification on their own--but know they need help in order to do so.
In response to this, ""Mesa Law Group"":http://www.mesalawgroup.com/, a Costa Mesa, California-based law firm that provides specialty finance services, recently launched a new program for homeowners who are considering a loan modification but are not prepared to retain legal representation.
According to the firm, its Loan Modification & Finance Preparation (LMFP) program provides the backing of Mesa Law Group's insight and preparation for homeowners who[COLUMN_BREAK]
are on a budget and are attempting to modify their loan directly with their lender.
""It has been our experience that homeowners working on their own to directly modify a loan will fail, often for minor reasons,"" said Tazwell Randall, VP of client relations for Mesa Law Group. ""The Loan Modification & Finance Preparation Program is a cost-conscious option for anyone struggling with a tough mortgage and is a powerful tool that can help homeowners in danger of foreclosure.""
Mesa Law Group said the LMFP program helps homeowners organize their finances, navigate the demands of their lender, and directly modify their loan.
While it is not necessary for a third party to arrange a loan modification or resolution with lenders, Mesa Law Group said the LMFP program helps homeowners improve their chance of beneficially modifying their loan. The program specifically takes into account what lenders look for, identifies conditions that must be collected, prepares documents needed, and proposes terms for those wishing to contact their lender directly, the firm explained.
The result, Mesa Law Group said, is a professionally prepared loan modification package specialized for lender-specific requirements with the benefit of the firm's specialized insight at a fraction of the cost of normal loan modification representation.