I was way behind on my mortgage due to unemployment. Not employed, I have been approved for a loan modification from my mortgage servicer. There is a lot of language in the modification terms that seem to protect them, but I want to know if accepting and complying with the loan modification terms will protect our home from foreclosure
Accepting the modification may NOT stop foreclosure especially if you fail to make the trial payments on time every time. Use the "Find a Lawyer" feature on Avvo to connect with an attorney in your area. Many will offer free initial consultation.
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You are in way over your head. You need to retain the right type of attorney to have any chance of saving this property. Only a TX mortgage foreclosure defense and bankruptcy attorney has the expertise to prevent you from having more problems than you can possibly imagine. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation. You need to retain the best mortgage foreclosure defense and bankruptcy attorney you can afford. You should not be restricted by geographic factors. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is generally never good so don't choose based on price. You should not be restricted by geographic factors. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
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