There are many mistakes made when a homeowner tries to obtain a loan modification without the proper support. Many have lost their homes because they handled their case improperly. True, many homeowners have applied for a loan modification without support and many have been approved. Unfortunately, the fact remains most homeowners will be wrongfully declined for...

Statistically, over 50% of homeowners who have been approved for a modification have re-defaulted on their loan. This is a clear indication that many homeowners are being approved for something that is still not affordable to them. Whether they got the offer on their own or they hired a firm to do it for them, these undesirable loan modifications are primarily...

Every state has different foreclosure laws and timelines. K&M Law can help you determine if and when a foreclosure sale date may be scheduled. The process of a delinquent account in the state of California are as follows: 30 – 60 Days Delinquent Countless collection calls from your lender. NOI – Notice of Intent to Foreclose. Day 1 Notice of Default is...

WORKOUT OPTIONS There may be several alternatives to help you stop foreclosure and allow you to keep your home. Below are some options to avoid foreclosure: Reinstatement: Your lender may agree to let you pay the total amount you are behind, in a lump sum payment and by a specific date. This is often combined with forbearance when you can show that funds from a...

Oct 8, 2011

Located in Costa Mesa, California, K&M LAW, A Professional Law Corporation is an advocate for the rights of consumers and residents in California. K&M LAW primarily handles cases involving Real Estate Law and Mortgage Loan Modifications & Restructuring. The firm has also established partnerships with seasoned attorneys across California to form a...