Forest Hills, NY (PRWEB) August 24, 2009
Igor Noble, the principal attorney of the Law Offices of Noble & Associates, PC, who is also the president and founder of Great Northern Mortgage, Corp., an established New York mortgage company, has announced that two companies successfully work together offering a loan modification service to help people from losing their homes. The current mortgage collapse and economic recession has many people in fear of being foreclosed upon. Mr. Noble and his expert staff have already helped several individuals save their homes and negotiate payments that were affordable for them.
Literally millions of individuals are now trapped in adjustable rate mortgages and because housing prices have dropped in value, it is common for them to owe more on their homes than they are even worth. Unless these borrowers are able to refinance their loans, the only other viable option they have if they are to save their homes is loan modification. Mr. Noble and his firm can successfully negotiate with lenders to reduce interest rate and payments.
If the loans were approved during the years of 2002 and 2006, the firm stands an even greater chance of a successful negotiation as this is when many State and Federal violations occurred. Due to either greed or oversight, these loans may contain serious violations of the law. No matter why these violations occurred, they can carry extremely stiff financial penalties for the lender, and can result in serious legal consequences. A lender may be forced to refund all of the interest paid from origination to present date. Furthermore, loans with illegal terms or conditions are not enforceable. The foreclosure process can be stopped when litigation on a questionable loan begins. Mortgage payments may not be required during the foreclosure process nor during the litigation process. To increase their chances of success, Mr. Noble's firm will perform a complete forensic audit by checking State and Federal laws such as HOEPA, TILA, RESPA, ECOA, and FACTA, as well as lenders' underwriting guidelines to see if any violations indeed occurred.
The Law Offices of Noble & Associates, PC has already been successful in saving several clients from foreclosure. In one particular case they were able to cut their client's minimum payment by $917 and had their interest rate lowered from 9.375% to just 4.00%. To learn more, visit http://www.GetLowRate.com or call 888-9LOAN99
About Law Offices of Noble & Associates, PC:
The Law Offices of Noble & Associates, PC was founded by Mr. Igor Noble, a prominent New York attorney who has been dealing in real estate financing and acquisitions since 1994. His firm is staffed by a team of mitigation, mortgage, and real estate professionals who specialize in loan modification and preventing foreclosures. Since its inception, the firm has successfully helped countless clients save their homes from foreclosure and negotiate payments they could afford.
Together with the Great Northern Mortgage Corporation, the company strives to put forth their maximum effort into reaching a solution that each client will benefit from. They base their relationship with each customer on honesty and integrity and make it a practice to follow up with them on a regular basis to ensure every client gets just the results they were expecting.
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