Do I need a lawyer to get a principle reduction on my home l

I have proof of several homeowners who have got a balance reduction and/or have actually walked out of court with their home FREE and clear. Your problem of not hearing from anyone this has happened to is due to the "GAG" order they get in court to not advertise or talk about what transpired as this would cause a Frenzy across the nation. Do Know that Forensic Audits of Mortgage do work. The violations do stand up in court. In fact, if U.S.F.P., LLC cannot help you... they refund your $ in full! Who would make such an outrageous offer, unless they knew that 90% of their audits are successful!

You mean like M3 Strategy in AZ had a money back guarantee? give them 2 grand, and the only guarantee is you can kiss your money goodbye!

George: You wrote "I welcome the opportunity to hear from someone who truly might have benefitted from the forensic audit procedure, especially from this firm noted above. It would be quite interesting to know that someone might have actually had a favorable outcome."

My Question: Have you had any such response? I have come across an rep. for USFP, LLC who promises great things as well.

JohnF - I have never heard any such testimony. I have, however, heard of the lawsuits filed by state banking commissions and the like.

It's awfully easy to prey upon the poor folk who don't know which way to turn when it comes to dealing with their now-delinquent mortgage that's about to bring a foreclosure down on their heads. Naivete, inexperience, misplaced trust - these all contribute to the thousands of cases of fraud that have been perpetrated upon the unfortunate folk who sent thousands of dollars to firms like this only to find that there was no help available to begin with.

When you consider that many people have sent multiple thousands of dollars (which could have been used to actually make regular mortgage payments), you have to wonder just how hot the space in hell will be for these scammers.

I recently had to file a chapter 13 in order to save my home. I have been back and forth with Bank of Americal for the past two years try to do a modification. All they have done is give me the run around, by the time I get off the phone with them I am crying. I have been told twice that I qualify, I sent them all the required documentation and then they send me a letter back stating they did not recieve something and they have constantly miss calculated my finanical information. I do not not know what to do, I bought my home for 160,000 in 2007 and now it worth about 135k. I need to lower my payment because I lost 40% of my income to becoming disabled and loosing my job. Please hlep me!

Hi blaineb!

Welcome to forums!

As you have filed Chapter 13 already, you will receive an affordable payment plan from your lender and trustee which will help you in paying off the loan. At the Chapter 13 meeting, you can contact the lender and ask him to consider a principal loan reduction for you. It will be the lender's discretion whether or not he will consider your request.

Feel free to ask if you've further queries.

Sussane

Thank you sussane, the affordable payment plan condenses all of your bills into one payment to the trustee, it does not lower your mortgage payment...that is what I have tried to do for the past two years is lower my mortgage payment. Bank of America is HORRIBLE to deal with, all they do is give you the run around and play games!

You're welcome!! :)

If you can show not solible you can have the debt of the loan removed from taxes.. talk to your cpa.