Leading Loan Modification Attorney Blasts Federal GovernmentsEfforts...

Consumer advocate and Loan Modification Attorney, Joseph Hoats, today warned Americans facing possible foreclosure to be guarded and cautious about Federal Government promises to streamline the Loan Modification (http://www.homestability.com) process. According to Hoats, I find programs like the Hope For Homeowners initiative to be nothing more than a failed token gesture that has misled the public into believing that the government is going to protect them. The truth is that the program requires lenders to do absolutely nothing for the homeowner, and consequently, they rarely do.

Incredibly, the 300 billion dollars earmarked for the Hope for Homeowners program provided relief for one single homeowner in the first seven months after it was launched. Recently the program was amended by Congress to make it more appealing to lenders, but as Hoats states, The program still has no teeth, no directive to force lenders into providing relief for consumers falling further behind in their payments. This is deplorable and does not serve the people, but protects the reckless financial institutions that created the problem in the first place.

While Hoats is critical of government efforts, he continues to provide real Hope for Homeowners with his proprietary Homeowner Stability (http://www.homestability.com) Solution. Hoats commented, While the government has been fumbling for answers, we provide long-term solutions for our clients that keep them in their homes while avoiding foreclosure. We simply utilize common sense and the legal system to navigate our way to success, and we do it every day

His proven, cutting-edge program protects the rights of financially distressed consumers by reducing monthly mortgage payments while avoiding the painful process of foreclosure. Unlike refinancing programs, the solution does not require credit checks, high FICO scores, appraisals, down payments or closing costs.

According to Mr Hoats, Our typical client has experienced some financial hardship's8230;a job loss, income reduction, divorce or medical problem that makes it difficult to pay the monthly mortgage payment. In some cases, the mortgage may have adjusted to a higher interest rate.Furthermore, the home value may have dropped significantly while the current economic crisis has caused the homeowner to miss one or more loan payments. These are good, hard-working, family-oriented Americans who have fallen on hard times, through no fault of their own, and they need compassion, help, and a legal game plan to save their home and stop Foreclosure (http://www.homestability.com).

After careful evaluation of each case by Hoats and his team, a custom Homeowner Stability Solution is initiated, exercising the client'ss legal rights while shielding the homeowner from the lender'ss collection tactics. As Hoats says, Our job is to protect our clients while designing and executing a strategy that solidifies their future as a homeowner. The outcome is often amazing's8230;results may include lower payments, fixed terms, forgiven back payments and penalties plus peace of mind.

While recent data continues to indicate that the mortgage crisis is far from over, Hoats warns that now is the time for homeowners to take action. These are unprecedented times that require consumers to proactively protect their rights as homeowners. Without legal representation, consumers will continue to be manipulated and mislead by lenders and collection agents, and even their own government. Home Stability is focused on solutions that are in the best interest of the consumer, not the lender'ss best interest.

For additional information about Joseph Hoats or to take advantage of a complimentary, no-obligation Loan Modification analysis, visit http://www.homestability.com.

About Joseph Hoats

With over 20 years of experience as an Attorney, Joseph Hoats has worked for the rights of the consumer throughout his career. Working together, his team of dedicated professionals has perfected the Loan Modification process with the introduction of their proprietary Homeowner Stability Solution's8230;a systematic approach responsible for keeping hundreds of distressed Homeowners in their homes and avoiding foreclosure.

Joe is a graduate of Vanderbilt University and has practiced law for over two decades. He has litigated in the areas of Real Estate Law, Bankruptcy Law, Foreclosure and Loan Modification, Trust Law, Probate Law, Business Law and has extensive experience with Litigation in State and Federal Courts. He is an active member in good standing with the State Bar of California, State Bar #141599.

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