The following is an overview of our attorney loan modification services. For more information see www.AttorneyLoanAudit.com
ATTORNEY LOAN MODIFICATIONS
OVERVIEW OF OUR LOAN MODIFICATION SERVICES
I. STEP ONE: FORENSIC LOAN AUDIT
We start our loan modification services with a loan audit. The reason for this is simple, WE ARE SEEKING TO ESTABLISH YOUR LEGAL RIGHTS AND TO SEE IF YOU HAVE A RIGHT TO SUE FOR DAMAGES OR WHETHER YOU MAY HAVE A RIGHT TO RESCIND YOUR LOAN UNDER TRUTH IN LENDING LAW, OR WHERE A CONTRACT IS DEEMED UNCONSCIONABLE, OR WHERE A FOREIGN LANGUAGE CONTRACT WAS NOT USED, OR WHERE HOEPA WAS VIOLATED. Without auditing your loan files, there is absolutely no way to gain any leverage during the loan modification process. The lender's/loan servicers are very arrogant and insist that you have no right to a loan modification. They also do not believe the loan modification process involves "negotiation." Rather, it is their philosophy that you merely submit your financials and they will tell you what you qualify, if at all.
As a law firm, we do not accept this approach unless we have to. Instead, we perform a detailed loan audit that reconstructs your mortgage loan. We are looking for errors, violations, non-compliance and anything else we can find that may help us tip the scale and turn this one-sided process into a "negotiation" where you have rights to and where we engage in a bargaining process.
Typical Violations we Look for when conducting a forensic loan audit.
(a) Truth in Lending Violations (failure to give each borrower or person with ownership interest two copies each of their notice of right to cancel in a covered transaction OR failure to disclose material lending terms such as under-disclosing APR or Finance Charges). A truth in lending violation gives a borrower a right to rescind the loan for an extended three year period following the close of the loan.
(b) HOEPA (hi-cost loan violations). Failure to provide required disclosures in a HOEPA loan or use of prohibited terms. A HOEPA violation also gives a borrower a right to rescind the loan.
(c) RESPA Violations (such as failure to provide the required disclosures - good faith estimate and final HUD)
(d) Fraud (such as fraudulent disclosures, bait and switch marketing)
(e) Elder Abuse (where the loan is a predatory loan inflicted on borrowers who were 65 years or older at the time of the loan)
(f) Business and Professions Code Violation (where there are violations of any of the above, a case of violation of B&P 17200 can be made). A four year statute of limitations applies.
(g) Contract Formation Issues: (was a contract formed? A contract is not enforceable where there are vague, ambiguous, or illusory contract terms). If the promissory note is not a valid contract, this can be challenged. If the lender cannot produce the promissory note, a challenge can also be made.
This is just a short list of the mortgage compliance and legal violations we look for when conducting a forensic loan audit.
II. STEP TWO: DEMAND & NEGOTIATE WITH LEGAL DEPARTMENT / OR SUBMIT FINANCIALS TO LOSS MITIGATION
After we have ascertained your rights under a forensic loan audit we can advise you which direction we should take next. Two possible routes ensue following the audit:
(A) ATTORNEY LOAN MODIFICATION OPTION ONE:
For more information about this option visit our attorney loan modification website at www.AttorneyMods.com
(a) Where legal violations are found, we can prepare a Demand Letter and send it in to the legal department (typically this is the route to take if you have already been denied a loan modification and/or if we find any of the legal errors described above). Our demand letter points out the legal violations detected and requests a meaningful loan modification that the borrower can afford. It is not our goal or intention to submit any financial documentation and have the lender tell us what the borrower can or can't afford. We typically give the lender/servicer 14 business days to respond to our demand for a modification. If the lender grants the modification, or offers a counteroffer, we will continue to negotiate on your behalf and upon accepting a loan modification we can review the final paperwork to ensure it matches the agreed-upon modification.
If the lender denies a modification, we can discuss whether filing a lawsuit would be appropriate, submitting a rescission letter, filing Chapter 7/13 Bankruptcy, Short sale, Turning over the Deed (Deed in lieu of foreclosure), or Discuss submitting financials under option two below.
(B) ATTORNEY LOAN MODIFICATION OPTION TWO:
(b) This option involves us submitting your financial package to the lender and requesting a modification. This is our second choice as we have found many lenders (who already got their taxpayer financed "modification" to their business failure) are only willing to provide a band-aid in the form of a loan forbearance that forgives late payments and seeks to raise your payment for the short term.
That being said, this may be your only other option. Under option two we perform a wide variety of services designed to help secure the loan modification. The following services may be provided (at the attorneys discretion)
(i) we may send in a qualified written request that seeks a "life of the loan" accounting and/or a copy of your loan file for forensic loan auditing purposes (assuming your file has not been audited yet)
(ii) we send out a demand to the Lender/Servicer to disclose the holder of the loan or master servicer
(iii) we make a civil code demand for a loan modification (which includes a foreclosure loss analysis)
(iv) We have you detail your income, expenses, and hardship and package this for lender review
(v) We submit the loan modification package and follow up with the lender until we receive a response to our loan modification request.
Contact us for more Information ABOUT OUR LOAN MODIFICATION SERVICES:
TOLL FREE (877) 276-5084
Notice/Disclaimer /Contact Information: The preceeding information is general information only and not intended to serve as legal advice or a substitute for legal advice. For specific legal questions please contact a qualified attorney licensed in your state to assist you. There are no warranites or representations made that the following information is accurate, complete or up to date. In addition, any emails sens to us are not confidential and do not create an attorney client relationship. Please use your discretion before sending confidential information. The Law Offices of Steven C. Vondran is operated by Attorney Steve Vondran. Mr. Vondran is licensed to practice law in the States of Arizona and California and only seeks to solicit and serve Clients in these states. This is an advertisement and communication pursuant to state bar rules. There are no guarantees a loan audit will reveal any legal errors of compliance violations. There are likewise no guarantees any lender or loan servicer will modifiy any loan. Each loan, property, borrower, investor and servicer are different. In addition, there are no representations made that Mr. Vondran will accept any litigation case following a loan audit and demand letter to the lender.
For more information about Mr. Vondran's law firm please visit www.VondranLaw.com the Attorney Loan Audit program can be reviewed at www.AttorneyMods.com If you are a California Real Estate Broker looking for a DRE Approved Advance Fee Agreeement please visit www.AdvanceFeeContract.com We have over 20 approved DRE companies as of this writing and have several advance fee agreement options available including an advance fee agreement that allows for outsourced Attorney Loan Audits and/or a letter to the Lender. We also have spanish advance fee agreements available.
If you are a homeowner and are looking for an attorney or law firm to handle your loan modification request, please visit www.loanmodsolutions,net Fill out the form and a representative of our firm will contact you promptly to discuss your situation. We also have loan modification information available at www.AttorneyLoanAudit.com
For Brokers interested in loan modification seminars, please visit www.loanmodseminar.com . The next seminar is scheduled for March 20th, 2009 in Long Beach, California. There is also another event scheduled in San Jose, California for March 27th, 2009.
Our Offices: California: 620 Newport Center Drive, Suite 1100, Newport Beach, CA 92660
Arizona: 2415 E. Camelback Road, Suite 700, Phoenix, AZ 85016
Phone (877) 276-5084 Email: Steve@VondranLaw.com
Because most of our loan modification work is done, by phone fax and email between us and you and the lenders we are able to serve our California clients in the following California Counties and Cities
Alameda
Albany
Berkeley
Dublin
Emeryville
Fremont
Hayward
Livermore
Newark
Oakland
Piedmont
Pleasanton
San Leandro
Union City
Amador
Amador City
Ione
Jackson
Plymouth
Sutter Creek
Chico
Gridley
Oroville
Paradise
Angels Camp
Colusa
Colusa
Williams
Antioch
Brentwood
Clayton
Concord
Danville
El Cerrito
Hercules
Lafayette
Martinez
Moraga
Orinda
Pinole
Pittsburg
Pleasant Hill
Richmond
San Pablo
San Ramon
Walnut Creek
Crescent City
Placerville
South Lake Tahoe
Clovis
Coalinga
Firebaugh
Fowler
Fresno
Huron
Kerman
Kingsburg
Mendota
Orange Cove
Parlier
Reedley
San Joaquin
Sanger
Selma
Orland
Willows
Humboldt
Arcata
Blue Lake
Eureka
Ferndale
Fortuna
Rio Dell
Trinidad
Imperial
Brawley
Calexico
Calipatria
El Centro
Holtville
Westmorland
Inyo
Bishop
Kern
Arvin
Bakersfield
California City
Delano
Kern County
Maricopa
McFarland
Ridgecrest
Shafter
Taft
Tehachapi
Wasco
Avenal
Corcoran
Hanford
Lemoore
Lake
Clearlake
Lakeport
Susanville
Los Angeles
Agoura Hills
Alhambra
Arcadia
Artesia
Azusa
Baldwin Park
Bell
Bell Gardens
Bellflower
Beverly Hills
Bradbury
Burbank
CalabasCarson
Cerritos
Claremont
Commerce
Compton
Covina
Cudahy
Culver City
Diamond Bar
Downey
Duarte
El Monte
El Segundo
Gardena
Glendale
Glendora
Hawaiian Gardens
Hawthorne
Hermosa Beach
Hidden Hills
Huntington Park
Industry
Inglewood
Irwindale
La Canada-Flintridge
La Habra Heights
La Mirada
La Puente
La Verne
Lakewood
Lancaster
Lawndale
Lomita
Long Beach
Lynwood
Malibu
Manhattan Beach
Maywood
Monrovia
Montebello
Monterey Park
Norwalk
Palmdale
Palos Verdes Estates
Paramount
Pasadena
Pico Rivera
Pomona
Rancho Palos Verdes
Redondo Beach
Rolling Hills
Rolling Hills Estates
Rosemead
San Dimas
San Fernando
San Gabriel
San Marino
Santa Clarita
Santa Fe Springs
Santa Monica
Sierra Madre
Signal Hill
South El Monte
South Gate
South Pasadena
Temple City
Torrance
Vernon
Walnut
West Covina
West Hollywood
Westlake Village
Whittier
Chowchilla
Madera
Marin
Belvedere
Corte Madera
Fairfax
Larkspur
Mill Valley
Novato
Ross
San Anselmo
San Rafael
Sausalito
Tiburon
Mariposa
Mendocino
Fort Bragg
Point Arena
Ukiah
Willits
Merced
Atwater
Dos Palos
Gustine
Livingston
Los Banos
Merced
Modoc
Alturas
Mono
Mammoth Lakes
Monterey
Carmel
Del Rey Oaks
Gonzales
Greenfield
King City
Marina
Monterey
Pacific Grove
Salinas
Sand City
Seaside
Soledad
Napa
American Canyon
Calistoga
Napa
St. Helena
Yountville
Nevada
Grass Valley
Nevada City
Truckee
Orange
Anaheim
Brea
Buena Park
Costa Mesa
Cypress
Dana Point
Fountain Valley
Fullerton
Garden Grove
Huntington Beach
Irvine
La Habra
La Palma
Laguna Beach
Laguna Hills
Laguna Niguel
Lake Forest
Los Alamitos
Mission Viejo
Newport Beach
Orange
Placentia
San Clemente
San Juan Capistrano
Santa Ana
Seal Beach
Stanton
Tustin
Villa Park
Westminster
Yorba Linda
Placer
Auburn
Colfax
Lincoln
Loomis
Rocklin
Roseville
Plumas
Portola
Riverside
Banning
Beaumont
Blythe
Calimesa
Canyon Lake
Cathedral City
Coachella
Corona
Desert Hot Springs
Hemet
Indian Wells
Indio
La Quinta
Lake Elsinore
Moreno Valley
Murrieta
Norco
Palm Desert
Palm Springs
Perris
Rancho Mirage
Riversi
San Jacinto
Temecula
Folsom
Galt
Isleton
Sacramento
San Benito
Hollister
San Juan Bautista
San Bernardino
Adelanto
Apple Valley
Barstow
Big Bear Lake
Chino
Chino Hills
Colton
Fontana
Grand Terrace
Hesperia
Highland
Loma Linda
Montclair
Needles
Ontario
Rancho Cucamonga
Redlands
Rialto
Twentynine Palms
Upland
Victorville
Yucaipa
Yucca Valley
San Diego
Carlsbad
Chula Vista
Coronado
Del Mar
El Cajon
Encinitas
Escondido
Imperial Beach
La Mesa
Lemon Grove
National City
Oceanside
Poway
San Marcos
Santee
Solana Beach
Vista
San Francisco
San Joaquin
Escalon
Lathrop
Lodi
Manteca
Ripon
Stockton
Tracy
Arroyo Grande
Atascadero
Grover Beach
Morro Bay
Paso Robles
Pismo Beach
San Luis Obispo
San Mateo
Atherton
Belmont
Brisbane
Burlingame
Colma
Daly City
East Palo Alto
Foster City
Half Moon Bay
Hillsborough
Menlo Park
Millbrae
Pacifica
Portola Valley
Redwood City
San Bruno
San Carlos
San Mateo
South San Francisco
Woodside
Santa Barbara
Buellton
Carpinteria
Guadalupe
Lompoc
Santa Barbara
Santa Maria
Solvang
Santa Clara
Campbell
Cupertino
Gilroy
Los Altos
Los Altos Hills
Los Gatos
Milpitas
Monte Sereno
Morgan Hill
Mountain View
Palo Alto
San Jose
Santa Clara
Saratoga
Sunnyvale
Santa Cruz
Capitola
Santa Cruz
Scotts Valley
Watsonville
Shasta
Anderson
Redding
Shasta Lak
Sierra
Loyalton
Siskiyou
Dorris
Dunsmuir
Etna
Fort Jones
Montague
Mount Shasta
Tulelake
Weed
Yreka
Solano
Benicia
Dixon
Fairfield
Rio Vista
Suisun City
Vacaville
Vallejo
Sonoma
Cloverdale
Cotati
Healdsburg
Petaluma
Rohnert Park
Santa Rosa
Sebastopol
Sonoma
Windsor
Stanislaus
Ceres
Hughson
Modesto
Newman
Oakdale
Patterson
Riverbank
Turlock
Waterford
Sutter
Live Oak
Yuba City
Tehama
Corning
Red Bluff
Tehama
Trinity
Tulare
Dinuba
Exeter
Farmersville
Lindsay
Porterville
Tulare
Tulare
Visalia
Woodlake
Tuolumne
Sonora
Ventura
Camarillo
Fillmore
MoorpaOjai
Oxnard
Port Hueneme
Santa Paula
Simi Valley
Thousand Oaks
Ventura
Yolo
Davis
West Sacramento
Winters
Woodland
Yuba
Marysville
Wheatland
Note: Loan modification work is primarily driven by phone, fax and email with you and the lenders.
As a consequence we are able to serve Arizona loan modification clients in the following Arizona cities:
Tucson
Mesa
Glendale
Chandler
Scottsdale
Gilbert
Tempe
Peoria
Yuma
Surprise
Avondale
Flagstaff
Lake Havasu City
Goodyear
Sierra Vista
Prescott
Oro Valley
Bullhead City
Apache Junction
Prescott Valley
Casa Grande
El Mirage
Marana
Kingman
Buckeye
Fountain Hills
San Luis
Nogales
Florence
Douglas
Queen Creek
Maricopa
Payson
Sahuarita
Paradise Valley
Chino Valley
Eloy
Sedona
Cottonwood
Camp Verde
Show Low
Winslow
Somerton
Safford
Coolidge
Globe
Page
Bisbee
Tolleson
Youngtown
Wickenburg
South Tucson
Guadalupe
Holbrook
Snowflake
Cave Creek
Benson
Thatcher
Litchfield Park
Eagar
Pinetop-Lakeside
Taylor
Colorado City
Dewey-Humboldt
Willcox
St. Johns
Carefree
Clarkdale
Quartzsite
Parker
Superior
Williams
Clifton
Kear
Pima
Springerville
Star Valley
Gila Bend
Wellton
Miami
Huachuca City
Mammoth
Tombstone
Fredonia
Patagoni
Hayden
Dunca
Winkelman
Jerome
This is an advertisement and communication pursuant to State Bar Rules
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