- Philadelphia US-PA
- [email protected]
Restructure current mortgage, Lower interest rate, Lower payment, Reduce principal balance, prevent foreclosure, forensic audits
Philadelphia-based Alia Law Group focuses on helping homeowners with loan restructures and foreclosure assistance. The attorneys in the firm use the latest foreclosure laws to help their clients fight back against foreclosure. One way that the firm prevents foreclosures is to restructure mortgages by lowering the monthly payments and interest rates. Sometimes, the attorneys are able to lower the principal balance and eliminate delinquent payment fees. The firm does not charge any upfront fees for mortgage assistance. The attorneys at Alia Law Group first do a forensic loan audit for a new client to determine if his mortgage lender followed state and federal laws. If the loan is considered to be "predatory," then the attorneys can make a case against the lender. An attorney could possibly sue the mortgage lender in court or negotiate a lower balance or interest rate on the client's behalf. Mortgage default is another major problem addressed by Alia Law Group. The attorneys often help clients who are in the first stages of mortgage default. The usual solution is to do a home loan modification to restructure the mortgage. About 20 percent of homeowners who attempt this solution receive a favorable loan modification through an attorney. If all else fails, the homeowner can elect to go through a "deed in lieu" process. Alia Law Group can assist a client who wants to get out of her mortgage by voluntarily giving up home ownership in order to preserve her FICO score. After one of these procedures, an attorney can advise the client on the various ways of buying another home.