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www.edhat.com/referrals
Mortgage Lawyer Referral
updated: Apr 25, 2012, 5:28 PM
We are looking for a good lawyer that has experience with mortgage modifications. We have been working with our bank for over four years (yes, your read it right, 4 years). We are at the point that we feel it may be a good idea to bring in a lawyer. Have any of you Edhatters had a good, honest experience with a lawyer experienced in mortgage modification requests that is not just after our money and/or full of false promises? Any insights are appreciated.
Please provide contact information for those referred.
Places People Are Talking About:
What People Are Saying:
SBALAX
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2012-04-25 06:31 PM |
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Rob Egenolf is an excellent Real Estate Lawyer and his wife Judy specializes in mortgages. We have worked with them for many years on lots of different projects and refinancing. They are in the book or online.
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COMMENT 274840
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2012-04-25 07:05 PM |
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Graham Lyons or Mike Cage at Mullen & Henzell, LLP
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COMMENT 274851
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2012-04-25 08:02 PM |
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You don;t need a lawyer, just patience... Contact Lois Capps office in Port Hueneme, she has a gal working there who is a homeowner advocate, I think her name is Jennette. Also, contact your mortgage co and document EVERY call and who you talk to. I dealt with 18 different reps over a 9 month period.You will be sending dozens of pay stubs, copies of tax records and hardship letters...Good Luck!
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COMMENT 274857
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2012-04-25 08:24 PM |
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Pay your mortgage or take your losses like a responsible adult? Why would we be responsible for your greed and poor decision making?
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COMMENT 274875P
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2012-04-26 06:58 AM |
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What am I missing here? You don't have the money to pay your mortgage but you have money to pay for a lawyer. And you don't think the banker is going to wonder the same thing?
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COMMENT 274889
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2012-04-26 07:33 AM |
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For those of you who are uninformed: When you paid the market value 4 years ago with high interest rates and now you want to refi to the lower rate(s), you are not able to do a traditional refi as you have NO equity. The only way to refi is negotiate with your mortgage holder. You are not trying to "walk away" /foreclose, like so many. You are simply asking to renegotiate the interest rate... For all you knee jerk clueless bloggers, these people are trying to be responsible. If you bought a house 5 years ago in Santa Barbara, the AVERAGE 3/2 on the north and westside was selling for $800K- That is $8 thousand dollars in property tax and a down payment of $160K... I am sure most of you OLDER bloggers on Edhat who bought on the Riveria are paying about $800 in property tax... Get a clue of reality that some of the responsible families trying to make it (without a handout) here in SB...
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COMMENT 274978
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2012-04-26 10:09 AM |
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"Responsible families" should not have bought into the bubble. You made an agreement and now you're asking to be let out of the contract.
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COMMENT 274985
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2012-04-26 10:27 AM |
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Responsible familes are paying their BIG property taxes and mortgages- Not walking away from their responsibilities. Business agreements (especially mortgages), are two way contracts that are open to negotiations. Get a clue
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COMMENT 274992
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2012-04-26 10:39 AM |
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Only in America do people who make bad investments feel they can sue their way out of them. I've had stocks lose money over the years. Would be nice if I could renegotiate with the companies to get a lower cost basis. No such luck there.
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COMMENT 275004
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2012-04-26 10:59 AM |
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Some of you mention the low taxes that some of us enjoy with Prop 13. For home owners and the original corporation/business property owner who enjoys Prop 13 tax protection I say Good for you! But we do have a problem with Prop 13 and it needs to be tackled. The issue with Prop 13 is that there are far too many loopholes in it for corporations/businesses where shares have traded hands over the year and NO property tax increase was made. This is wrong and defrauds the state of taxes. We need to close the loopholes with corporations. Look up Close The Loop Hole online and find out more.
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COMMENT 275241
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2012-04-27 08:35 AM |
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As with most issues, there are even more than two sides to this story. Some folks bought at high prices out of fear that they would be shut out by the upward home price trend. Some bought to flip for profit. Many of those were real estate or lending professionals who knew just how easy it was to game the system. Personally, I think that any owner that can afford at least market rent for their property should benefit from programs that keep them in the home. That would go a long way towards stabilizing prices and getting back to some normal appreciation. For the rest, I'm sorry, but it wasn't like you were going to share the profits from your decision to buy.
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