In a time when jobs are scarce, people are getting laid off by the thousands and the markets are unstable, it is no wonder that home foreclosures are on the rise. Those living in Illinois are well aware that housing prices are in a downward spiral. With one of the highest foreclosure rates in the nation, many desperate homeowners are struggling to prevent losing their homes. Unfortunately, many scammers take advantage of these financial hardships. With 100 years of combined experience in real estate, mortgages, banking, law, The Castle Law Group can ensure homeowners peace of mind as their attorneys and support team professionally negotiate the best terms possible.
Nowadays, many companies and individuals are marketing themselves as mortgage loan modification specialists who can negotiate with lenders on behalf of the homeowner. These “specialists”
Choosing an Illinois Attorney who specializes in Loan Modifications is a safe route for homeowners for many reasons. Yes, it is true that people can do their own loan modifications, but similar to drafting their own Estate Plans or representing themselves in court, it is not necessarily the smartest move with so much on the line. Attorneys who specialize in loan modifications are knowledgeable and experienced with the Truth in Lending Act and the Real Estate Settlement Procedures Act and they can scrutinize existing loan documents for violations. Lawyers must also uphold high ethical standards established by the State Bar. Furthermore, having the right Attorney represent you will put the lenders on notice that the homeowner is serious about saving his or her home. Lastly, though it sounds obvious, hiring a firm from Illinois ensures that the attorney will be familiar with regulations regarding loan modifications in Illinois.
The Castle Law Group team members have negotiated over 100 loan modifications to stop foreclosure and reduce mortgage payments to where they are affordable for families to stay in their homes. Using their established connections with loss mitigation departments at almost every lending institution, the Castle Law Group has negotiated rates as low as 1%. According to one customer, “[Castle Law Group] dropped our principal balance by $87,000…making our payments go from $3,030 to $1,918.”
Attorney Mark Hearsh has been licensed with the State of Illinois for over 25 years. He started his career by negotiating contracts for commercial real estate transactions. Throughout the years, he has gained extensive experience working with banks and lending institutions, and has developed an expertise in loss mitigation.
The Castle Law Group is a firm, based near Chicago, IL, that specializes in securing the best modification solutions based on each homeowner’s specific situation. Their website, http://www.castlelawgroup.com, features information about foreclosure, bankruptcy, loan modifications, principal reductions, and interest rate modifications.
