Foreclosure Stats for 2016: The Good, the Bad, and the Ugly

Real estate and financial industry analyst RealtyTrac  released data on USA foreclosure statistics for 2016  this month. There is definitely some good news in the report, as year-over-year...Continue Reading ▸

Companies We've Worked With
  • wfg national title
  • fidelity
  • chicago title
  • first american title
  • Coldwell Banker
  • Remax
  • Windermere
  • Keller Williams
  • Century 21
  • Prudential

The government is forcing banks to provide meaningful mortgage relief. Find out what is possible for you today.

The major banks and lenders all got caught with their hands in the cookie jar. They have settled with the government (without admitting wrongdoing!) but have been forced to help homeowners with billions of dollars worth of loan modifications, short sales and relocation incentives. Find out what you can get today.

You don't need to pay thousands of dollars to an attorney to get a loan mod.

Most law firms charge between $3,000-$4,000 to help you get a loan modification. The Ark Mortgage Assistance Program is designed to get you help you deserve at a price you can afford. You'll get an attorney and a paralegal on your team, fighting for your loan mod. The fee includes unlimited consultations so that you will always know exactly what is going on.

Eliminate the stress of having to negotiate with your bank.

Your lender (or servicer) can make it very difficult to get a loan modification. They can give conflicting instructions, lose your documents repeatedly, change the terms of your loan mod after you've successfully completed your trial mod plan, or just flat out ignore you. Get the help you need with the Ark Mortgage Assistance Program and force your lender to help you and get some immediate relief for yourself.

Nadia Kourehdar & Lambros Politis

Lead Associate Attorney & Lead Counsel

Frequently Asked Questions
Can I get paid to do a short sale?
Yes! The HAFA and FHA programs both pay up to $3,000 to the seller. They call it a "borrower relocation incentive." We've seen Chase pay up to $35,000 to borrowers with old WAMU loans. Bank of America has a co-op program that often pays out $7,000 in addition to the HAFA $3,000.
How does Ark Law Group get paid?
Our full-service short sale negotiation service is offered for free to homeowners. We are paid by the lender and/or the buyer.
How long does a short sale take?
The length of the time depends on who your lender is, the kind of loan you have, and who is negotiating your short sale. The time range is typically between 3-6 months.
Do I need a hardship to do a short sale?
The rules around hardship vary by lender and loan type. In many cases, simply defaulting on your loan is enough to get the lender to agree to a short sale. For example, if you have an FHA loan, are 90 days delinquent, and have a credit score below 620, you are automatically qualified for a short sale.
Why would the lender agree to take a loss?
If the lender is forced to foreclose on your house, they are then responsible for selling it. They already know they are going to lose money if that occurs. They would rather have you sell it now, as it will provide them more money than if they had to sell it themselves, and they will get the money sooner.
Will there be taxes on the forgiven debt?
Typically not. See our insolvency calculator.