Get Mortgage Relief

If you are having trouble making your mortgage payments and wonder if there is anything you can do, let us help you. Mortgage relief may be available to you. Beware of the scam artists. There are those making exaggerated claims of what they can do for you. They typically charge large up-front fees, and also typically cannot deliver on their exaggerated promises. There are, however, genuine options available for you, depending on your particular circumstances. Here are some of those options:

1. Mortgage Modification

Many in San Diego have seen their homes fall in value, while their mortgage payments have actually increased as they “reset” to higher interest rates.   This may include you.

If your loan has become burdensome, it may be possible to renegotiate the terms to make the loan more affordable.  There is no single program.  Each lender is different.  Nevertheless, an increasing number of homeowners are finding this a solution.  A real estate attorney is your best advocate. 

2. Mortgage Reduction

In a limited number of cases, it may be possible to actually get the loan principle reduced.  This does not happen often, despite the claims of some of the scam artists.  Nevertheless, your real estate attorney can review your documents to determine if, for example, your lender violated the Truth In Lending

3. Forbearance

Sometimes you just need a little breathing room.  A job loss or transfer, or unexpected family expense may have hit you.  We can assist with the negotiation of a Forbearance agreement, if that is what you need.

4. Get Out From Under the Mortgage

Other times, the only sensible economic solution is to get completely out from under the debt, and move on with your life.  We can help.  Lenders typically do not want to get the house back,
for they know it is to their advantage for you to pay an excessive mortgage payment essentially forever.  They do not cooperate to do what is best for you. 

Our attorney, James W. Peterson, is not only a real estate attorney, but a real estate broker for the past 28 years.  Call or email him for a free consultation: jpeterson@sandiegoattorney.com.

San Diego Real Estate and Business Attorney Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult a lawyer for individual advice regarding your own situation.


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