Fort Collins, Colorado Foreclosures Attorney

Due to the recent economic crisis, most banks and lenders are willing to work with homeowners in refinancing a mortgage or modifying a loan. Most banks realize foreclosing on a home could actually cost them more, especially if they are unable to resell it for an amount equal to their loss on the original loan. Additionally, many subprime mortgage loans were approved through the use of irregular underwriting methodologies indicative of predatory lending or fraud. When it becomes obvious that a person was approved for too much money, banks often prefer to modify a loan rather than attract attention from federal investigators on potential mortgage fraud charges. At the law office of David M. Herrera, I represent and counsel homeowners in cases involving bankruptcy, foreclosures, and predatory lending.

If you're concerned about keeping your home due to the prospect of Chapter 7 or Chapter 13 bankruptcy, contact mortgage lawyer David M. Herrera today to schedule an appointment to discuss your case.

Mortgages, Loans, and Keeping Your Home

The law office of David M. Herrera represents and counsels clients in regard to the following:

1. Subprime mortgages

• Variable rate
• Interest only

2. Bankruptcy

• Chapter 7
• Chapter 11
• Chapter 13

3. Predatory Lending

• Bait and switch refinancing
• Teaser rates
• Underwriting irregularities

Predatory Lending

Mortgage brokers and banks themselves made a great deal of money off of the subprime mortgage market. In many cases, people were misled when filling out a loan application, or provided bad information regarding the refinancing of their home. In some cases, people were initially promised one thing only to have the terms of a refinancing contract or loan changed at the signing. In other cases, the income or assets of a borrower were inflated to qualify him or her for more money than they could reasonably afford. Additionally, banks use a number of codes to hide fees, penalties, and underwriting qualifications.

At the law office of David M. Herrera, I review and investigate the actions of lenders to determine if evidence of predatory lending or mortgage fraud is present. In some instances, discovery of irregular underwriting and marketing practices can convince a bank to modify a loan, allowing homeowners to avoid foreclosure. I can evaluate your case and discuss the options available for saving your house or business.

Contact Foreclosure Attorney David M. Herrera Today

If you're facing bankruptcy or unsure whether you can save your home, contact the law office of David M. Herrera today and schedule an appointment to discuss your case.

David M. Herrera, L.L.C.
3600 S. College Avenue, Suite 204
Fort Collins, CO 80525
Phone: (970) 498-9999
Fax: (970) 472-5365
E-mail

At the Law Office of David M. Herrera, L.L.C., located in Fort Collins, Colorado, I focus on the areas of Real Estate, Construction, and Employment Law in Larimer County. I also serve clients in the cities of Loveland, Windsor, and northern Colorado.