Our goal is to keep you in your home and avoid foreclosure.
We are experienced in working with your lenders to
restructure your current mortgage loan(s) by providing
you with a unique, professional plan that you and your
mortgage lenders can consider.
We fully understand that you have a serious problem and only a short time to
overcome the real possibility of losing your property through
a foreclosure. We will work to immediately stop foreclosure.
We are a group of experienced attorneys,
residential and commercial bankers and real estate brokers
who understand that federal rules and lender foreclosure
policies often conflict. Few people outside the banking world
have the knowledge to work with your current lender to restructure
your loan and actually accomplish a loan modification.
Please note: We believe that California
bankruptcy is the LAST resort.
Typical results of our restructuring
plans:
LOAN MODIFICATION – 99% of all ‘A’
type lenders and 70% of sub-prime lenders (with high interest
rates) and general creditors will negotiate a loan modification
and/or mortgage pay rate reduction where most or all of the
delinquent payments and foreclosure fees are added on to
the back end of the loan. Payments can remain approximately
the same. In some cases the interest rate will be reduced
permanently.
FORBEARANCE PROGRAMS – Typically 30%
of sub-prime lenders (with high interest rates) will only
offer a workout program that requires borrower to immediately
pay at least 20% or more of the total delinquencies including
foreclosure fees, plus the balance of the delinquency will
be added to their regular monthly payments over a short period
of six to forty-eight months. Forbearance plans do not remove
a foreclosure action or stop foreclosure but simply continue
it in place until the loan is current.
FORBEARANCE PROGRAMS ALMOST ALWAYS
FAIL IF THE LENDER IS NOT FORCED TO CONSIDER THE ABILITY
OF THE BORROWER TO PAY. WE REQUIRE THEM TO CONSIDER YOUR
ABILITY TO PAY.
To get started on a Loan Modification case, simply print and sign the Retainer
Agreement and
return it with a cashier’s check for
the appropriate amount. We will follow
up with
you on what
documents we need.
