There is a lot of questions regarding what lenders and mortgage servicers will and will not do. The real question is about the home-owner..what is his current financial hardship and what unforeseen circumstances have happened to him or her.

* Have they lost their employment or were their hours and overtime terminated?

* Was predatory lending involved...the infamous Liar loans, stated income and possible stated assets?

* Was a fictitious employment used?

* Was the home-owner explained the hummingbird loans direct personal loan lender terms they had signed?

* Adjustable Rate Mortgages, did the client know what would happen to the terms of their hummingbird loans online tribal lenders when the interest rate would adjust?

* Pay Option or Negative Amortized Loans, the infamous teaser hummingbird loans small loans bad credit direct lenders, where low initial payments were due and then it escalated to double or triple times the payment.

* Did a medical emergency cause the home-owner to fall behind on their mortgage payment?

Let's say that one of these unfortunate circumstances has happened, what does the home-owner do now?

When they call their bank without legal representation and tries to get some help, the lender will give every excuse they can think of. For example... why would the lender reduce the interest rate and payment if they have been collecting the home-owner's payment month after month for years?

Of course they will not reduce anything for the client, or modify the mortgage at the bare minimum. The banks have been collecting billions of dollars the past few years and they will always be greedy for more and more of what they can collect. Have you, the home-owner, been helped when you call your bank for help in your financial hardship? Yet when the banks were having a hardship from the Credit Crisis, they went to the government for a trillion dollar bailouts. With this bailout, they could have paid off 75% of all the mortgage debt in the United States. Did they do that, of course they did not.

The bank's, with their collection agency mentality, will treat you extremely unfairly and tell you "Pay your bills on time" or "You signed a contract and are liable to pay it". If the lenders started writing down mortgage rates, payments and balances on a regular basis, then everyone would know about it and demand the same treatment. So what does the poor unfortunate home-owner do now to get the best representation?

Do not wait until it is too late. Our legal staff understands the stress of dealing with foreclosures and excessive obligations to creditors. Contact our office and let us start your legal process within 24 hours by visiting drecmod.com