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• "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
• After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
• The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
• Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona

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Breaking Legal News & Current Events

Current National Outlook on Home Foreclosures

March 26, 2010 - New York, N.Y. - Amid reports of wrongful bank foreclosures and lenders that refuse to assist struggling homeowners, there may be some hope in the fight to prevent foreclosure.

According to The New York Times, there were about 250,000 more foreclosure cases than usual by the fourth quarter of 2009. The good news is that, currently, there are fewer homeowners who are 1 mortgage payment behind, likely because they have signed up for federal foreclosure prevention programs.

Early in 2009, lenders seemed willing to offer principal forgiveness for those who owed much more than their property was worth, but in the fourth quarter, such modifications were reduced by half. Some lenders, such as Bank of America, are reportedly re-instating loan modifications that include a principal reduction.

Homeowners are also being given more consumer protection by the federal government. Lenders will now be required to contact borrowers who have neglected to pay their last 2 payments so that they can be enrolled in modification programs.

While it's encouraging that lenders and banks and the government are making overtures to offer assistance to troubled homeowners and to reach out to prevent foreclosure, there are still about 7 million households having trouble making their mortgage payments on time.

The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620. 

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Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 

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