At the law office of Ira J. Metrick, we have defended borrowers against foreclosures from many different mortgage servicing companies, including HSBC.
HSBC is a multinational financial services company based in London, United Kingdom. The company was founded in 1865 to facilitate trade between Europe and Asia. Today, HSBC is one of the largest banks in the world, with a presence in over 64 countries and territories. HSBC offers a range of financial products and services, including personal and commercial banking, wealth management, and investment banking.
HSBC Foreclosure & Loan Modification Information
If you have had issues with HSBC regarding loan modifications or foreclosures, contact our law office today. We can assist you.
It is crucial for you to familiarize yourself with the major steps in the NJ loan modification timeline, as listed here:
- Avoid Scams
- Who Is The Current Servicer?
- Who Is The Owner Or Investor For The Loan?
- What Type Of Modification Program Will Be Used?
- Determine What Consumer Protection Laws Apply
- Determine The Status Of Any Foreclosure
- Prepare And Submit A Complete Modification Application
- After Application Is Submitted, Request For Information (RFI) And Notice Of Error (NOE), If Applicable
- Notice Of Error (NOE) If The Application Is Not Reviewed Within 30 Days
- Receive And Review Trial Modification (Trial Payment Plan) Or Denial And Review To Confirm It Is Accurate
- If Modification Was Properly Denied, Review Options
- If the Application Was Not Properly Reviewed, Evaluate Possible Court Action
- If Modification Was Approved, Make At Least Three (3) Trial Modification Payments
- After Completion Of Trial Payment Plan, Receive And Review Permanent Modification
- Once Permanent Modification Is Fully Executed, Confirm Foreclosure Is Dismissed
In addition to familiarity with loan modifications, it is also crucial to have knowledge of the New Jersey foreclosure process. Using our comprehensive NJ foreclosure timeline, you can stay one step ahead. If you are facing foreclosure on your mortgage serviced by HSBC or are in need of assistance with loan modifications, we can help you understand your options. Don’t hesitate; call now.
What Are Your Rights to a Loan Modification From Your Mortgage Lender or Loan Servicer?
There are powerful new regulations put into effect by the Consumer Finance Protection Bureau (“CFPB”) under the Real Estate Settlement Procedures Act (“RESPA”) and the Truth in Lending Act (“TILA”) that give borrowers the right to sue when mortgage loan servicers fail to meet their servicing obligations. We can sue your lender if they violate these regulations.
Do I Qualify For A Loan Modification?
If you’ve experienced issues that caused missed payments, you must be able to show that you earn enough income in order to pay the mortgage, taxes and insurance, plus your other normal living expenses. But even then, there is no guarantee that you will qualify for the lender’s modification program.
The Law Office of Ira J. Metrick can help you understand the modification process and what to expect.
Will Applying For A Loan Modification Stop A Sheriff Sale?
In many instances, if a complete loan modification application is submitted at least 38 days prior to the Sheriff’s Sale, the lender must adjourn the sale and review the application. They should also provide the right to appeal any decision prior to conducting the sale.
Helpful NJ Foreclosure and Loan Modification Resources
- Foreclosure Defense Overview
- New Jersey Sheriff Sale FAQ
- New Jersey Sheriff Sale Timeline
- New Jersey Loan Modification Information
Contact Ira J. Metrick Today to Discuss Your HSBC Foreclosure in NJ
If your mortgage is serviced by HSBC and your home is facing foreclosure, contact us today. We can discuss your situation and help you defend the foreclosure, and determine if you are eligible for a loan modification. We also offer aggressive representation to assist in the loan modification process.
We can also ensure that the lender has followed all proper foreclosure procedures and has not violated your rights as a borrower. These violations can include but are not limited to the following:
- Pursuing a foreclosure or sheriff sale while your loan modification application is still being reviewed (also known as Dual Tracking.)
- Refusing to honor or review your loan modification.
- Not responding to your loan modification application within 30 days.
- Refusing to accept your mortgage payment or mortgage reinstatement.
- Declaring you in default and threatening foreclosure even though you are up to date on your payments.
If any of these or other situations have happened to you, contact the law office of Ira J. Metrick today to discuss your options.