A family of four in High Desert, CA, moved to Hesperia for affordable housing and job opportunities. They were fortunate enough to own a property with a guest house that they were able to rent out. First the renters of the guest house lost their jobs and could not pay rent, which meant the family lost a source of necessary supplemental income. Then the wife’s weekly hours and pay at her job were cut in half. After developing a medication condition, the wife’s chronic asthma led to serious medical bills, which began to topple the family’s finances. They missed several payments of the first and second mortgages and started to receive daily phone calls from bill collectors. However, after working with a highly trained California loan modification attorney, the family had their payments cut enough that they were able to actually put some money into savings every month.
Another gentleman was struggling to pay two mortgages, one at a 7.75% interest rate and a second mortgage that was at a 12.5% interest rate. After negotiations, he received a combined mortgage with a fixed 6% interest rate.
In another great loan modification success story, a couple in Modesto, CA that had an adjustable rate mortgage had their parents move in with them. The husband became ill and unable to work, and the disability payments reduced the family income. Then, the adjustable rate mortgage caused the monthly mortgage payments to jump by $2,000 a month, with potential increases on the horizon! After the parents fully moved in (they had lost their home) a California loan modification attorney was able to help the family get a California loan modification and save $2,000 a month.
These are just three of the tens of thousands of success stories floating around California. A California loan modification attorney can help you out in a variety of ways, ultimately helping you stay in your home and avoid bankruptcy, a short sale and/or foreclosure. While you may be in financial duress, your income may be half of what it was and your adjustable rate mortgage might be increasing on an almost monthly basis, California loan modification attorneys are here to help you get through whatever circumstances you have. Loan Modification Attorneys can help you stay in your home, get an affordable mortgage payment and have some financial peace in your life.
Visit us at http://www.loanmodificationhelpcenter.org/ or call 800-359-6941.
People usually do not just want to hear about the hypothetical success of any product or service; Americans want to see real life proof. For example, it is one thing for people to hear about the benefits of a certain pill, but once they see real life stories of people whose lives have changed for the better, they trust it that much more.
Loan modifications are no different. Loan modifications are a great alternative to bankruptcy, short sale or foreclosure, but without proof it is hard to see exactly what the benefits are for the average person. Here are some real life examples of how California home loan modifications have helped average people stay in their homes in spite of serious financial turmoil.