The Mortgage Mediation Group is a practice group of the law firm of Thomson Law, comprised of some of the most highly credentialed, experienced mortgage and legal professionals in the State of Arizona with more than a century of combined experience.  Our mission is to help families preserve their dreams one home at a time. Our professional legal services assist clients in mitigating their losses in this current market and, more importantly, helping restore stability to our residential home market and banking industry. With our professional staff of attorneys, paralegals, mortgage professionals and affiliated real estate originators and realtors, we have the knowledge and experience necessary to achieve the most dynamic resolutions available and to help homeowners in this troubled market.

Despite all the advertising and solicitations published by the various loan modifications companies, there simply is not a “one size fit’s all" solution for homeowners. No one can determine what solution is right for you without thoroughly analyzing your financial situation, your loan documents and review your legal rights. At Thomson Law, we understand the mortgage industry and will use this experience to advocate your legal rights to protect your interests.

A few of the possible solutions include: Loan Modification - new terms for your existing mortgage are negotiated bringing the payment into an affordable amount; a  Short Sale - your home is sold at a negotiated reduced pay off; a rescission of your current loan or a lawsuit against the mortgage company for TILA, RESPA, HOEPA or the Predatory Lending violations if supported by an audit of the loan documents;  Deed In Lieu - the lender agrees to take title in lieu of foreclosure; Foreclosure Abatement - delaying or stoping an impending foreclosure if facts in your situation warrant, and Deficiency Liability Analysis and Defense.

Your loan is a legal contract. Your lender has legal rights and ultimately, they will advise you that unless you pay in accordance with the loan terms that it will exercise it’s legal rights by noticing a trustee’s sale or foreclosing on your home. But you have legal rights too, both under the loan agreement and federal acts such as the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA) and Home Owner Equity Protection Act (HOEPA). State and federal laws require mortgage companies to follow these guidelines when originating home loans. Many mortgage loans have violations of TILA and/or RESPA which MMG can use as leverage when negotiating a favorable settlement for our clients.

You should not submit your personal information or loan modification applications to a lender without being reviewed by an attorney for the best results. Most modifications offered by mortgage lenders and loan servicing companies are simply loan forbearance or reinstatement agreements. These agreements are not permanent modifications to the terms of your mortgage. Loan forbearance agreements only lower the monthly payments for a period of time and then adds the deferred interest and principal to the end of the loan. These types of agreements are normally unaffordable and home owners facing foreclosure should consult an attorney and fully understand the terms and ramifications before signing any of these documents.

Disclaimer
The information contained herein is provided for general information purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this website shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this website shall be construed to be a guarantee or prediction of result.