Often, we are able to “facilitate” or expedite a loan mod by simply defending the mortgage foreclosure action. This is something an out of state internet loan mod service generally will not be willing or able to do. Success in this area depends upon three key factors:
- income of the borrower
- value of the property and
- defenses or counterclaims available to the borrower in each case.
Naturally, if you have all three elements in your favor, success is likely. In some cases where the state court foreclosure defense has failed due to lack of a good defense, the filing of a bankruptcy has brought the bank to the bargaining table.