Over three months ago, a middle aged husband and wife walked into my office. They sought my legal counseling regarding modifying their existing mortgage. Their mortgage was based on adjustable rate making their monthly payments increase every three months.
The husband works as a nurse while his wife is employed in a local accounting office. Between the two of them, they pooled almost $5,500 as monthly gross income. Their average monthly expenses are $2,000 without the mortgage payment.
Before coming to my firm, they continuously tried to renegotiate their existing mortgage on their own. They were current on their payments, but they knew that after two more increases in their interest rate, they will not be able to afford the mortgage payment. Their lender sent them a package which was composed of 12 forms and a list of needed paper work in addition to a personal statement.
Both husband and wife began collecting the required paperwork. After a number of failed attempts, they concluded that the paperwork request by the lender requires the assistance of an attorney. They asked relatives and friends until an old client of mine gave them my phone number.
After making a phone call and scheduling an appointment, they both came in for their first consultation. I sat and listened to their ordeal and brought in one of my lead negotiators. After our meeting, my staff took their paperwork and the lenders package to begin working on the file.
Thanks to 4000 plus modifications, my experienced team was able to reach a deal with their lender. Through a special program called “Three Step Modification”, the lender tests and confirms the financial stability of the borrower. At the end of the program, the lender offers the borrower a loan modification. This is exactly what happened. Their lender utilized the “Three Step Modification” program; and yesterday, they received their modification and signed it in our office.
Please visit http://www.stopbanks.com
Loan Modification
Legal Debt Solutions APC
Founded by John R Habashy Esq
Tuesday, August 11, 2009
“Nothing beats a happy smile”
“Nothing beats a happy smile”, I always tell my employees. Today, my office staff obtained close to ten modification agreement. This will result in an equal amount of smiles and sighs of relief.
I took a look at some of those files, in particular three of the files. The first one was of a newly immigrant family. They moved to California in 2004 in hopes of staring the American dream. By the middle of 2006, they put all of their savings as a down payment for a condo in the city of Reseda. There realtor took advantage of this family because English was there second language and put them in a negative amortized loan. After the first three months, their monthly payment jumped by an average of 10% every financial quarter. I directed my team of negotiators to use the language factor to gain leverage and obtain a modification faster.
The second file is for a war veteran. Current lending regulations provide a wide range of protection to members of the armed forces. While deployed in Iraq, his wife bought a small house in Oceanside, San Diego County, close to Marine barracks. After the deployment period, the couple’s income was reduced due to missing bonuses. They examined their options and a local priest directed them to my office. Using the “Three Step Modification” program, my office renegotiated both their interest rate and principle to lower numbers.
The last file, the third file is for an elderly lady, a retired junior high school teacher. A smooth talking loan officer talked her into refinancing her paid off house. The money cashed out was supposedly going to be used to fix up the property which was to be done by a friend of the loan officer. She quickly found herself out of money and with a mortgage payment. Showing fraud and evil intent, my office was able to lower her payments to about half of the original amount.
All those and many others regained their happy smiles through the service of my firm. Happiness is a right to every individual in society. I invite you to bring your questions and concerns. My team of experts will provide you with coherent customer support and quick solutions.
Please visit http://www.stopbanks.com
Loan Modification
Legal Debt Solutions APC
Founded by John R Habashy Esq
I took a look at some of those files, in particular three of the files. The first one was of a newly immigrant family. They moved to California in 2004 in hopes of staring the American dream. By the middle of 2006, they put all of their savings as a down payment for a condo in the city of Reseda. There realtor took advantage of this family because English was there second language and put them in a negative amortized loan. After the first three months, their monthly payment jumped by an average of 10% every financial quarter. I directed my team of negotiators to use the language factor to gain leverage and obtain a modification faster.
The second file is for a war veteran. Current lending regulations provide a wide range of protection to members of the armed forces. While deployed in Iraq, his wife bought a small house in Oceanside, San Diego County, close to Marine barracks. After the deployment period, the couple’s income was reduced due to missing bonuses. They examined their options and a local priest directed them to my office. Using the “Three Step Modification” program, my office renegotiated both their interest rate and principle to lower numbers.
The last file, the third file is for an elderly lady, a retired junior high school teacher. A smooth talking loan officer talked her into refinancing her paid off house. The money cashed out was supposedly going to be used to fix up the property which was to be done by a friend of the loan officer. She quickly found herself out of money and with a mortgage payment. Showing fraud and evil intent, my office was able to lower her payments to about half of the original amount.
All those and many others regained their happy smiles through the service of my firm. Happiness is a right to every individual in society. I invite you to bring your questions and concerns. My team of experts will provide you with coherent customer support and quick solutions.
Please visit http://www.stopbanks.com
Loan Modification
Legal Debt Solutions APC
Founded by John R Habashy Esq
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