Loss Mitigation and Loan Modification.
When you enroll in our Loss Mitigation and Loan Modification program the first thing we do is evaluate your file, including Forensic Loan Document Investigation by staff attorneys, to determine what negotiating power we will have with your bank. Some of the terms that could be changed are:
1) Changing an adjustable rate to a fixed rate.
2) Lowering your interest rate and payments.
3) Extending the term of your mortgage.
4) Reducing the principal balance of your mortgage.
The whole process usually takes 45 to 60 days and is designed to keep you in your home and help you avoid foreclosure.
Consumer Debt Management.
In today's economy, more and more families and individuals are struggling to pay their bills through no real fault of their own. Studies consistently show, that consumer debt is the highest it has ever been, and more and more people are simply "over their heads" in debt, making minimum payments on a debt they will never be able to pay off.
If you fit into one of the following categories you may be a good candidate for a Debt Management Program.
- Recently laid off or unemployed.
- More than two month behind on your payments.
- Having trouble making your credit card payments.
- Are your creditors harassing you.
- Considering Bankruptcy.
Here is what a person can expect when they allow a debt management company to represent them and disperse their payments.
- Significantly lower your interest rates.
- Drastically reduce some of your monthly payments.
- Get a handle on your financial situation.
- Pay some or all of your creditors in one monthly payment.
- If you qualify, our debt management plan can offer a "last chance" that can keep you out of bankruptcy for a reasonable cost or no cost, depending upon your financial situation.
- Your privacy is assured.
- You are under no obligation. There is a reasonable cost associated with participation in the debt management.
Consumer Debt Settlement
More and more people are opting for debt settlement due to being in default and their credit is already damaged. In this program, you opt to allow a team of attorneys to settle your debts. These attorneys will agressively challenge your creditors to follow every letter of the almost 200 laws that protect consumers and will negotiate to settle your debts for 55% to 60% of the balances. This all takes 18 months or less to accomplish.
Don Draughn - Debt Counselor
