Atlanta Area Foreclosure Protection Lawyer

Helping clients stay in their homes

B. Phillips & Associates PC offers foreclosure protection to homeowners in the Atlanta metro and surrounding areas. The firm is committed to helping people stay in their homes whenever possible, focusing on: 

  • Home foreclosure protection
  • Loan modifications
  • Mortgage fraud

These are unusual and highly stressful times, with the incidence of home foreclosures at record high levels. Yet, many of these foreclosures can be prevented.  Due to the prevalence of securitization of mortgages, lenders often have no standing to foreclose.

If you are threatened with foreclosure, you need the counsel of an experienced foreclosure attorney who will fight to help you stay in your home.

Providing home foreclosure protection

If you are facing the possibility of a home foreclosure, the law firm of B. Phillips & Associates PC can help by submitting a debt restructuring plan approved by a bankruptcy court through a Chapter 13 bankruptcy. Debt restructuring plans typically specify:

  • Mortgage amount in arrears
  • Method of repayment of amount in arrears
  • Time period for repayment of amount in arrears

The time period for repayment under these plans is usually either three or five years. Instead of needing to pay all of your mortgage debt in a short period of time, you just pay off the amount in arrears over time as specified in the restructuring plan.

Arranging loan modifications

In addition to helping those faced with foreclosure, loan modifications can also be drawn up for those who are still current but struggling to make mortgage payments. These modifications help out in several ways, by:

  • Changing the terms of an existing loan
  • Bringing the loan current if the homeowner is behind
  • Bringing a home out of foreclosure

A loan modification allows you the opportunity to change the existing terms of your loan without a new closing, legal fees, a survey, an appraisal, taxes or a credit check. In contrast, if you refinance a loan, you’ll be required to have a closing, forced to pay a variety of fees and taxes, and prove your credit worthiness.

Assisting victims of mortgage fraud

Today, many homeowners are struggling with loans that are fraudulent or violate their federally-protected consumer rights. These are known as predatory loans. There are thousands of homeowners saddled with predatory loans, but the good news is that they can be successfully resolved through the loan modification process. Typical predatory loans have high interest rates, balloon payments, prepayment penalties, adjustable rates and a host of other sins, but that is only part of the problem. If you have even one of those items, then you probably have loan documents that are layered with violations of federal regulations such as TILA, RESPA, HOEPA and ECOA.

Atlanta law firm B. Phillips & Associates PC can assist by preparing a forensic loan document review, which is a detailed investigation of your loan documents. The investigation is done by experienced auditors, who are well versed in the federal laws that protect consumers and guide lending practices. Lenders often discourage the use of firms with well-trained professionals, who can perform forensic document reviews and address these violations.

However, you should not attempt a loan modification without legal counsel and a forensic loan document review.  To learn more, contact B. Phillips & Associates PC to arrange for a free consultation.
 

A second chance for a new financial beginning

If you are facing foreclosure or have been the victim of mortgage fraud, contact B. Phillips & Associates PC for a free consultation to discuss your consumer debt, IRS or foreclosure problems. We focus exclusively on helping people with problems like yours, and have helped many clients in your situation to resolve their financial issues and get a fresh start.

We have three offices conveniently located in the greater Atlanta area and serve clients throughout the state of Georgia.  Our main office is located in "The Avenue" Office Complex, Exit 13, Route 400, Cumming, Georgia, and we also have offices off Route 400, Exit 8, in Roswell, and Exit 5, Dunwoody. Call us at 678-456-4202 or contact us online to set up an appointment.