Struggling homeowners looking for foreclosure help in Asheville should consult a foreclosure defense firm experienced in assisting homeowners. There are options for North Carolina residents, including: deed in lieu of foreclosure, short sale, loan modification or other loan workouts, and bankruptcy.
The number of North Carolina foreclosures declined 2 percent year over year but are up 1.4 percent from January figures, according to Triangle Business Journal. (http://www.bizjournals.com/triangle/news/2011/03/10/nc-foreclosures-fall-2-for-year.html)
By most accounts, more homeowners are expected to lose their homes this year than at any time since the housing crisis began. The fluctuating numbers do little more than confirm that banks and mortgage companies are under increasing fire for unethical and even illegal behavior. Whether it’s the hiring of robosigners to essentially invent documents purporting to prove a bank’s rights to your home, or problems with MERS, the electronic mortgage tracking system, homeowners who choose to fight have a substantial chance of improving their position with a bank or mortgage company.
The 3.8 million foreclosures filed in 2010 represent a 23 percent increase from 2008. Industry watchers counting the notices of default, scheduled auctions and Real Estate Owned properties believe the problems at banks and mortgage service companies actually slowed foreclosures last year.
The increasing pace suggests banks are again becoming more aggressive. Unfortunately, programs like the government’s Home Affordable Mortgage Modification Program (HAMP) have helped only a tiny percentage of homeowner’s who are eligible. Recently, the government reported banks were making more money foreclosing and the rules of the program only permit the government to sanction banks for providing too much relief, which has hardly been a problem.
In other cases, homeowners have been approved for a modification only to have the bank later reject their application and file a foreclosure action, declaring the loan delinquent because the modified payments were not enough to satisfy the original mortgage.
Homeowners who seek an experienced foreclosure defense lawyers in Asheville are in the best position to negotiate real and lasting relief. Sometimes that involves a permanent modification. Sometimes a short sale. And still other times the best option is to live in the home rent free, allow it to go into foreclosure, and use the time to forge a new financial beginning for you and your family.
To speak to an attorney about foreclosure rescue or foreclosure defense in Asheville, contact Soboleski Law, PC for a free case evaluation. Call 828-285-8888 or contact us by submitting your information through our Online Foreclosure Defense Form.
