The Threat Of Litigation Can Increase Your Income
Because the Truth In Lending Act requires that predatory lenders pay the attorney fees when a homeowner seeks a loan settlement, the vast majority of case settle out of court. That’s money in your pocket. And it’s money in your client’s pocket too.
The first step to securing a fair and equitable loan settlement for your client is to request a forensic loan audit. The loan audit will give you the evidence, and the ammunition, you need to approach the lender with a renegotiation strategy. Since even the slightest miscalculation or paperwork discrepancy can often lead to fines for the mortgage company, they are all too willing to act when faced with the proper motivation.
Most lending institutions, when faced with the choice between paying hefty fines or lowering the payment of a client in distress will choose the latter. And since they’re paying your fees they will move and act swiftly. You will be a homeowner’s hero.
This information should not be construed as legal advice. It is FOR INFORMATIONAL PURPOSES only.