Pasadena Law Center: Solution

Legal Solutions & Basic Government Programs that Assist Homeowners

Loan Modificaiton
A loan modification can save your home from foreclosure while lowering your rate, payment and even principal balance. There are many different loan modification programs. You can receive a loan modification that will best fit your needs.

A loan modification is when your mortgage note is modified without refinancing. This is a quick way to save your home and lock in a low interest rate and payment.

Making Home Affordable Programs or the Obama Mortgage Program.

Making Home Affordable is the governement homeowner bailout program designed to help Americans avoid foreclosure and other financial hardships due to the mortgage meltdown.

There are 2 parts to this program:
1) HARP - A refinancing program.
2) HAMP - A loan modification program

Refinance
Helps homeowners that are able to pay mortgages on time but are not able to refinance to take advantage of today's lower rates due to a decrease in the value of their home.

Modification
Helps homeowners that are struggling to make monthly mortgage payments due to their interest rate or less income. Helps provide a mortgage they can afford.

Short Sale
A short sale is executed to prevent a home foreclosure. Banks will allow a short sale if it will receive more financially than foreclosing. Short Sales can be difficult due to the market and can leave you with tax obligations. You are still responsible for mortgage paymentes, taxes and insurance during the time you are selling.

Forbearance Agreement
This type of agreement is between a borrower and the lender that will allow the homeowner to make up missed mortgage payments. If you are late on your mortgage because of a temporary situation then this agreement may provide relief, as a one time solution

"I don't know who to trust in this business. I decided to go with a Law Center, I'm glad I did. I am secure knowing if I need an attorney, he is there to help."
----Single Mom

"I speak little English, this Law Center will have an interperter for me whenever I need one. They are also helping me finish up my bankruptcy."
---Homeowner

"I lost my job and am 4 months behind on my mortgage, I feel like giving up. I owned my home for 8 years. I called to get the best solution for my family. Today, I can keep my home."
---Homeowner

Legal Solutions & Basic Government Programs that Assist Homeowners

"I don't know who to trust in this business. I decided to go with a Law Center, I'm glad I did. I am secure knowing if I need an attorney, he is there to help." ----Single Mom

"I speak little English, this Law Center will have an interperter for me whenever I need one. They are also helping me finish up my bankruptcy." ---Homeowner

"I lost my job and am 4 months behind on my mortgage, I feel like giving up. I owned my home for 8 years. I called to get the best solution for my family. Today, I can keep my home." ---Homeowner

"I don't know who to trust in this business. I decided to go with a Law Center, I'm glad I did. I am secure knowing if I need an attorney, he is there to help."
----Single Mom

"I speak little English, this Law Center will have an interperter for me whenever I need one. They are also helping me finish up my bankruptcy."
---Homeowner

"I lost my job and am 4 months behind on my mortgage, I feel like giving up. I owned my home for 8 years. I called to get the best solution for my family. Today, I can keep my home."
---Homeowner