Loan Modification Legal Center reopens its door after an 11 month break

Nov. 8, 2011 - PRLog -- Since March 2009, the Loan Modification Legal Center has been successfully helping distressed homeowners save their home from a foreclosure by aggressively negotiating permanent loan modifications with their lenders.  Ted A Greene, the lead attorney and president of the legal group, started LMLC, Inc. when he personally saw homeowners getting frustrated with their lenders after attempting over and over to negotiate a loan modification on their own.  He realized that homeowners desperately need the real estate and legal expertise that is necessary to fight for an affordable loan modification.  Since the federal government’s initiative began for HAMP, lenders have consistently turned down about 80% of the loan modifications applications being negotiated by homeowners themselves or even well meaning Realtors advertising themselves as “distressed property experts.”  Frankly, where many fail, LMLC Inc. finds success.  “It takes aggressive representation without the emotional tie to your home in the way.  We speak the bank’s language and make it happen,” says Kevin Ford, manager of LMLC, Inc.

So, if you are considering the tall task of negotiating with your lender a loan modification, be prepared to sit endlessly on hold; be prepared to be tossed to and fro between loss mitigation, collections and foreclosure departments as you lose sleep over the possibility of the banks selling your home out from under you.  But, if you want to get it done right ask the legal team at the Loan Modification Legal Center to assess your foreclosure alternatives.  You have options.  They do not even take a fee unless they are successful in getting you into a permanent loan modification.

With the US Treasury sponsored foreclosure alternatives being made available through December 31, 2012, LMLC Inc. aims to help many more irritated homeowners negotiate a lower monthly payment of the mortgage including taxes, insurances and if necessary homeowner association fees to an affordable amount.  This amount is usually close to 31% of the household’s gross income.  LMLC accomplishes this by seeking a reduction in interest rate, fixing the interest rate, extending the payback term up to 40 years, causing principle forbearance and/or principle reductions.  For an estimate of what your modified payment could be, go to the Payment Reduction Estimator (LINK to http://www.lmlcinc.com/index.php/faq/28)

"When dealing with the banks is not an easy task" said Kevin W Ford, manager of LMLC, Inc.  “Our aggressive legal team here at the Loan Modification Legal Center is really in my opinion the homeowners’ best option at getting into a permanent loan modification.  Asking a real estate agent or other group that does not have the same kind of expertise is a complete waste of a homeowner’s precious time.”

LMLC has also taken their business even one step further.  If after aggressive representation, a loan modification request is not acceptable by a lender for one reason or another, the homeowner receives a free legal consultation from an LMLC Inc. attorney to look at other alternatives to a foreclosure.  “After sitting down and crunching through the numbers together, it may be in the best interest for a homeowner to move forward with a short sale if they are denied the modification.” says Ted Greene.  Fortunately LMLC has a real estate corporation working under their same roof which helps homeowners who have been refused a modification and decide to go the short sale route.  “We also have a legal team that works for JCL Realty to aggressively negotiate acceptance of the short sale terms so there is not only no cost to the homeowner period but quicker results.”  Ted Greene goes on to say, “Our team closes about 90% of the short sale successfully compared  to about 46% of the rest of the market out there.  Again this is attributed to our team’s aggressive legal representation and negotiation skills.

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Objective:help owners of distressed properties, help them achieve the goal of staying in their home if a loan modification is possible and in their best interest, we are loan modification professionals who abide by the law no upfront fees are collected