NO PAYMENT UP FRONT!
A new California law prevents anyone, including attorneys, from collecting fees up front for loan modifications. You may not be charged a fee until the work is completed. Because of this new law, we have separated the process into two stages:
- Gathering and reviewing documents, analyzing your situation, discussing your options, and preparing your loan modification package.
- Submitting your loan modification package to your mortgage servicer and negotiating your loan modification.
You pay nothing until after each stage of the process is completed. If after we've completed the first step, you wish to try to negotiate your own loan modification or do not wish to proceed, you pay only for that step.
Helping You Avoid Mortgage Default and Foreclosure
Are you late with your mortgage payments and worried about foreclosure? Maybe you had to take a lower-paying job due to the poor economy, or maybe your interest rate has increased on an adjustable-rate mortgage. For these and other reasons, many people are unable to keep up with their payments.
Depending on your specific circumstances and the willingness of your bank to negotiate, you may be able to get a home loan modification so that you can repay your loan with monthly payments you can afford.
Partial List of Our Team's Successes
| Old Payment | New Payment |
Monthly Savings | Principal Reduction | Lender | |||||
| 8/3/2009 | 2,985 | 1,552 | $1,433 | None | Saxon | ||||
| 7/28/2009 | 2,972 | 1,500 | $1,472 | None | Countrywide | ||||
| 7/24/2009 | 1,689 | 513 | $1,175 | None | Washington | ||||
| 7/17/2009 | 3,483 | 2,029 | $1,444 | None | Chase | ||||
| 7/14/2009 | 4,734 | 2,729 | $2,004 | None | GMAC | ||||
| 7/9/2009 | 3,232 | 1,800 | $1,432 | None | EMC | ||||
| 7/2/2009 | 2,800 | 1,612 | $1,187 | $ 80,000 | Wachovia | ||||
| 6/1/2009 | 2,593 | 1,356 | $1,237 | None | Wells Fargo | ||||
| 5/22/2009 | 3,336 | 1,250 | $2,087 | None | GMAC | ||||
| 3/24/2009 | 5,925 | 2,541 | $3,384 | None | EMC | ||||
| 3,225 | 1,583 | $1,642 | None |
| ||||
| 8/24/2009 | 1,857 | 1,338 | $ 519 | $64,688 | Wachovia | ||||
| 9/25/2009 | 5,119 | 3,133 | $1,986 | None | HomeEq | ||||
| 10/16/2009 | 1,889 | 697 | $1,192 | $38,881 | Wachovia | ||||
| 10/23/2009 | 3,330 | 1,178 | $2,152 | None | IndyMac | ||||
| 11/5/2009 | 5,944 | 2,670 | $3,184 | $463,000 | CitiMortgage | ||||
| 11/23/2009 | 3,033 | 1,280 | $1,753 | $320,705 | U.S. Bank | ||||
Important: The testimonials or endorsements on this website, including these examples, do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. Each matter is different and success in one matter does not warrant or guarantee success in other similar matters.
At the Law Office of Jeff D. Hoffman, we help clients pursue their full range of mortgage modification options. To discuss how we can help you, contact us at our offices in Oakland to schedule a free consultation with attorney Jeff Hoffman.
Providing Honest, Ethical Representation
Due to the recent economic crisis, many companies have sprung up promising to help people achieve home loan modification, loan consolidation and other solutions to their financial problems. What these companies do not always tell people is that every situation is different and there is no one-size-fits-all solution.
We have found that banks are increasingly willing to work with borrowers to help them save their homes. President Obama's Homeowner Affordability and Stability Plan, along with new California laws, have also increased the options available to borrowers.
We use federal and California laws to pressure your lender to give you a good loan modification if we find anything illegal in your loan papers, which there is a good chance of finding if you got your loan between 2003 and 2008. Unlike others who offer loan modification services, we have a team of people, including people who used to work in banking and real estate, who prepare loan modification proposals. Among other things, we prepare a cost/benefit analysis that shows your lender that it will cost more to foreclose on your loan than it will to agree to our proposed modifcation. While there is never a guarantee of success with any loan modification, you have a much better chance of receiving a good one if you can show your lender that agreeing to it is in their best interest.
Carefully Assessing Each Client's Options
If you choose to pursue a loan modification, we will look over your mortgage papers and discuss your options for avoiding foreclosure and other serious consequences of mortgage default. If necessary, we can file bankruptcy as a means of restructuring your mortgage arrearage or to gain time while we pursue other options.
We work closely with real estate experts to assess our clients' loan modification possibilities. First we will do a forensic exam to determine whether your loan terms are completely legal. Then we will initiate negotiations with your bank.
To discuss your home loan modification needs with a lawyer, contact us today.
