SOURCE: American Residential Law Group

American Residential Law Group

November 30, 2010 06:00 ET

As HAMP's Effectiveness Wanes Private Firms May Be Key to Avoiding Foreclosure

American Residential Law Group Offers Sustainable Solutions to Homeowners in Risk

FT. LAUDERDALE, FL--(Marketwire - November 30, 2010) - In stark contrast to last year, the declining rate of distressed home sales has led to a modest rise in home values. Economists have yet to agree on the contributing factors associated with this recent upturn in prosperity and are equally as unsure of its permanence. Although the recession officially ended last summer, the economy is still attempting to regain momentum. After a two year lull, in which millions of homes were repossessed, homeowners are still struggling to find sustainable solutions for their individual crises. 

The U.S. Treasury department noted that mortgage modifications in the U.S. have begun to slow down, due in part to many Americans taking advantage of programs like the Home Affordable Mortgage Program (HAMP). However, with just a 5.9 percent increase last month, the $50 billion program witnessed its smallest addition of new participants since its inception.

American Residential Law Group feels the recent robo-signer fiasco at Bank of America, and their less than stellar oversight policies, have influenced homeowners to illicit special attention to their lenders' motivations. As the backlog of foreclosures queues up and the review of foreclosures begin to uncover inconvenient truths, believes American Residential Law Group, this scenario may provide those in fear of foreclosure some much needed "borrowed-time."

American Residential has noticed some banking institutions have enhanced the need for homeowners to seek legal representation to achieve financial freedom. By providing a direct route to the bank's decision makers, companies like American Residential Law Group, have succeeded in both decreasing monthly payments and keeping people in their homes. 

To learn more about loan modifications and how American Residential Law Group can be of assistance to you, visit them at http://www.ARLGNow.com.

About American Residential Law Group: American Residential Law Group is a law firm that strives to provide the community with legal assistance and all the benefits to which consumers are entitled under the law. With a considerable background in all areas of consumer advocacy, American Residential Law Group remains dedicated to providing integrity and excellence for their clients, and increasing their quality of life.

Contact Information

  • Contact
    Name: American Residential Law Group
    Address: 6245 N Federal Highway #401
    Ft. Lauderdale, FL, 33308
    Phone: (877) 236-6576
    Web Address: http://www.arlgnow.com/