Loan Modification Processing and Negotiating Every day it seems that a new initiative is announced by a lender or the government regarding a new plan to save homeowners from a foreclosure.  Unfortunately, many of these new initiatives have gone nowhere.  The lender says they want to work with their borrowers yet homeowners continually run into brick walls when dealing with lenders.    Whether help finally comes from Washington or the lenders themselves, the homeowner is going to have to deal with a huge bureaucracy to navigate through.  Many will offer homeowners help, few are truly equipped to actually assit the homeowner and some will seek to take advantage of the homeowner.  AFM7 has the backing a the Nash & Lodge law firm, a well-known, reputable real estate law firm.  The lead negotiator is William J. Keyes, a respected real estate attorney for over 20 years.      Dealing with a lender is one of the most difficult, frustrating things that a person can ever undertake.  Sometimes it is difficult to find anyone who will even talk to you.  Many times they act indifferent to your situation.  You are dealing with huge companies that are unable to look at your situation and make a reasonable decision.  Instead, you must find your way through the maze of requirements, the never-ending hurdles to overcome to convince your lender that they should modify your mortgage loan.   We know what is legally possible, we know how to best negotiate with your lender becuase we understand the lender and your legal rights, we know who to talk to and be persistent with the lenders so that you have the best chance of having a successful modification.  We also know when a modification of your loan is not feasible and a new plan has to be undertaken.   While we are not a law firm and do not handle legal matters we do have the backing of our Legal Team which consists of knowledgeable, experienced real estate attorneys.  If the homeowner needs legal advice or a legal issue arises during the process we have arranged for a discounted flat fee to consult with one of the attorneys on our Legal Team.

Consumer Education Afm7 has hosted a number of seminars dealing with the numerous economic issues that consumers are facing.  Our last seminar was the Anoka County Foreclosure Forum held on January 24th at the Bunker Hills Activity Center in Andover, Minnesota.  We had over 120 people attend, 16 exhibitors and 3 non-profits that took part in the event.  We had a panel of well-known attorneys who discussed the many issues facing homeowners in a declining real estate market and issues facing those individuals who are looking to buy a home that is facing, is in or has already gone through a foreclosure.   Our next consumer seminar is on March 7th at the Rogers Community Center.  There will be two presentations:   "Owning Real Estate in an Upside Down Market"  "Buying Real Estate in Troubled Times" For more information regarding this event, click here.