Category: loss mitigation

Foreclosure Hearing – Mecklenburg County NC – Wells Fargo

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Categories: foreclosure, Foreclosure Hearing Results, foreclosure prevention, loss mitigation, mortgage dispute, mortgage relief, Wells Fargo
Depositphotos 18697169 original

 

The following is a summary of a foreclosure hearing that McGrath & Spielberger assisted a borrower with, and is provided for informational purposes only. Each case, each client, each situation is different, and each matter may have a different outcome.

Mortgage Loan Servicer / Foreclosing Bank: Wells Fargo; Wells Fargo Bank NA

Prosecuting Trustee / Law Firm: Shapiro & Ingle, LLP

Property Location: Charlotte, Mecklenburg County, North Carolina

Property Type: Primary Residence

Borrower’s Attorney: Jason McGrath, Esq.

Hearing Date: 11/2017

Actions Taken by McGrath & Spielberger on Behalf of Client in Relation to the Foreclosure Hearing: Mr. McGrath attended the foreclosure hearing with the client and negotiated a Motion to Continue to the court in order to help client avoid foreclosure.

Foreclosure Hearing Outcome: Mr. McGrath successfully moved to continue the hearing; foreclosure avoided.

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If you are facing home foreclosure Charlotte NC or Mt Pleasant SC, seek assistance from McGrath & Spielberger today. Many homeowners do not know that foreclosures can often be avoided. Our attorneys are here to be your advocate through these tough times and will work to get you the best possible outcome.

Find related helpful resources on our website at
McGrathSpielberger.com/online-resources/helpful-resources/mortgage-loan-and-real-estate-related-resources/

Mortgage Loan Loss Mitigation Application – Financial Ratios – Be Careful

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Categories: borrower, financial ratios, foreclosure, income, Jason A McGrath, loss mitigation, mortgage, Mortgage Loan Loss Mitigation Applications, Mortgage Modification, mortgage relief, uniform borrower assistance form
In this video, attorney Jason McGrath, who handles many mortgage dispute and foreclosure matters, discusses an important loss mitigation issue. Persons filling out their mortgage loan loss mitigation applications need to be very aware that the financials they are listing may make or break their chances of obtaining a modification, and need to know what ratios matter most and what the banks / loan servicers / government is looking for.

These applications are referred to by various names, such as the “Request for Modification and Affidavit” (“RMA”), the “710 Form”, and the “Uniform Borrower Assistance Form”. Regardless of what it’s called, or even if the information is being provided verbally, gross monthly income (“GMI”) and the total monthly expenses (“TME”) have to be provided accurately but also with an understanding of what can, and what should, be included and excluded. If you think the loan servicer is going to advise you properly on this, or if you think it’s a no-brainer, you’re almost definitely wrong. Also, did you know that it may not only be the borrower’s income which can be considered…?

https://youtu.be/Jkp048OTBnc

Is the Advice You’re Getting Specific to North Carolina’s Unique Foreclosure Laws?

Posted on by g83js92js91
Categories: foreclosure, Jason A McGrath, loss mitigation, mortgage dispute, mortgage relief, Mortgage Relief / Loss Mitigation Programs, North Carolina, north carolina law

North Carolina Foreclosures

(Alternative Title: Some Dude in CaliforniaFloridaNevada Wrote it on the Internet, so it Must be Right)

In this video, Jason McGrath, attorney Charlotte NC, discusses the fact that many persons involved in a foreclosure or mortgage loan dispute, or involved in a mortgage relief / loss mitigation situation, turn to the internet or some “unofficial source” for information and/or sign up with some out of state organization or “law firm” for help. So while your Florida based “mortgage relief specialist” or your “national network of attorneys” headquartered in California may not (or may) be scamming you, do they actually understand NC’s laws and process and customize their advice and services accordingly?

https://youtu.be/XGYYLnoBpqs