Fidelity Law Group, Saving Time and Saving Homeowners

July 7, 2009 - PRLog -- San Diego, CA – Over the past year, millions of homeowners have found themselves unable to make their mortgage payments for various reasons and Fidelity Law Group has been able to step in and help save both borrowers and lenders from the foreclosure process.

With economic adjustments happening in California, homeowners have either lost their source of income or found themselves with an adjustable rate loan that has skyrocketed. With depleted savings in either case, most of these homeowners are currently struggling to modify their loans on their own with their lender. Because the process can take from three to six months it can be time consuming and for some, exhausting. With millions of borrowers requesting loan modifications, a multitude of new stringent guidelines, and insolvent banks that are understaffed the process has become tied down in bureaucracy.

“We have people who come to us who are at their wits end,” begins Michael Schunk, President of the Fidelity Law Group. “They’ve been trying for months to get somewhere with their lender but have found themselves sitting on hold and even in the endless loop of options menus. A lot of times they are submitting their paper work, like; pay stubs, bank statements, tax returns, Profit and Loss reports, only to be told they’re missing some stated income history, and the results end up mixed.”

Finding a loan modification law group with a team of lawyers and associates who has already modified numerous loans with all the major lenders is important because these firms have built up connections to get the job done. They deal mostly with the lenders’ legal departments.

Fidelity Law Group is located in San Diego, CA, and for more information call (888) 809-5299 or contact them via their website: www.FidelityLG.com.

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The Fidelity Law Group's Loss Mitigation Department has a team of lawyers, paralegals, legal administrators and loss mitigation officers with years of experience who are trained to assist you through the troubling process of obtaining a loan modification. Our firm's practice addresses a wide range of financial and legal issues, including mortgage foreclosures, credit cards debt, loan defaults, federal income tax debt, condominium liens, divorce liabilities, real estate taxes, loan guaranties and business debt.