Attorneys are now uniquely empowered to employ any means necessary for the financial betterment of their clients.
Salt Lake City, UT (Vocus/PRWEB) April 19, 2011
The Utah law firm Law Offices of W. Sean Mawhinney released a statement today regarding the recent passage of HB 93: Mortgage and Real Estate Licensure Exemptions for Attorneys. This bill, signed by Governor Gary R. Herbert on March 30th, provides exemption from licensure for attorneys under certain circumstances. Attorney Mawhinney applauds this bill and believes it will help many homeowners avoid foreclosure.
Homeowners in Utah face one of the highest rates of home foreclosures in the United States. However, most banks would rather work out a mortgage solution than foreclose on a home, as foreclosure is not cost-effective for them. Negotiating a loan modification can result in preventing foreclosure.
The passage of HB 93, Attorney Mawhinney points out, gives attorneys an increased capacity to help their clients modify their loans and avoid foreclosure or bankruptcy. Before HB 93, attorneys were required to be licensed by the Division of Real Estate in order to negotiate affordable mortgage terms with lenders. Now, attorneys working in loan modification are exempt from this mandatory licensing.
Attorney Mawhinney explains, “Attorneys are now uniquely empowered to employ any means necessary for the financial betterment of their clients. This includes loan modifications, short sales, credit repair, debt settlement, and bankruptcy. With this bill, only attorneys have all of these tools at their disposal. This allows us to be the help that people so desperately need in today’s economy.”
The Law Offices of W. Sean Mawhinney is a full-service debt relief law firm. The firm provides clients with all necessary resources to help them out of financial debt. Areas of practice include:
- Loan modification
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Debt settlement
- Foreclosure avoidance
- Financial recovery
The firm is located in Salt Lake City, but serves clients throughout the entire state of Utah via telephone consultations and e-contracts. The Law Offices of W. Sean Mawhinney can help all Utah residents with loan modifications and financial matters.
If you are facing financial difficulties and mounting debt, The Law Offices of W. Sean Mawhinney can help restore you to positive financial health. They offer free initial consultations, and provide evening and weekend office hours for the convenience of our clients. To find out how they can offer professional legal representation to help with your particular situation, contact the Law Offices of W. Sean Mawhinney today at http://www.utahbankruptcysolutions.com.
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