Client Testimonial
August, 2011
May, 2011 my darling husband Jon was diagnosed with end stage Cancer. We were devastated. In June I prepared to retire so I could stay home with Jon and care for him. With the loss of my income I begin to check out loan modifications. CDA Law Center was on the internet along with others and I contacted them. Todd Jarrett answered my call and seemed to have all the answers I needed. He offered to come to our home as Jon could no longer travel. Todd visited with us and provided all the answers to questions we had. I was still hesitant as we had heard all the stories about bad modifications, the length of time, and the cost but he had impressed us enough that we requested CDA Law Center guide us through this confusing process. On July 1st I retired and Jon died in my arms on July 6. Do you hear my heart crying with that sentence? The loss of my love was bad enough but all Jon's retirement income also ceased. I called Todd and told him to forget the whole thing that I did not care if I was on the streets. Well, after I had my meltdown and family and friends picked me back up again I called Todd back and asked if his firm would still represent me. There are not the right words to describe the gentle guidance, caring attitude, professional handling of our loan modification. Todd Jarret, Stephen Phillips, and the rest of the staff that contacted me could not have been more supportive or knowledgeable of what needed to be done and how to do it. I have a granddaughter I am raising who now will have the stability of her home while she finishes high school. Nothing will ever take the place of my Jon but knowing my granddaughter is secure, that I have a home for my cats and dogs, that my children do not have to visit their mother in the streets, how do you rate something like that. I know that Jon can rest knowing his family has been so well taken care of by the people at CDA Law Firm. God Bless them all for their care of us during this very difficult time. I would recommend this firm to others without any hesitation.Jo Ann M.
What we do for you!
- Notify lender you are represented by Counsel
- Complete a financial analysis of your situation
- Prepare a case to present to your lender
- Help you create an effective hardship letter
- Prepare a REST Report to determine your NPV
- Present your package to your lender
- Negotiate a new lower payment or new terms
- Provide a modification agreement
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Recognized as a Top Trusted Firm! CDA Law Center is recognized as a Top Trusted Law firm for assistance with your home mortgage issues by well know Consumer Advocate, Columnist, and Radio personality Martin Andleman. Tune in to Martin's radio show Saturday from 11am to 11:30am PST. Stream it here. -
A loan modification is simply a process of modifying the existing loan made by a lender in response to a borrower’s long standing failure to pay back the loan that was borrowed. Loan modifications involve the following: i. Reducing the interest rate on the loan that was borrowed ii. Extension of the duration of the term on the borrowed loan iii. Giving a totally different kind of loan iv. A combination of the three
CDA Law Center is a highly reputable law center where you can get the best legal advice regarding loan modification. CDA Law Center is a company with qualified and experienced people who know the most effective methods of getting around the lender’s barriers in order to get you positive results – they will also push the lender to get you the very best terms. If you are looking for a foreclosure prevention specialist that will take your case seriously, then you should contact CDA Law Center. It is not uncommon to find clients confusing loan modification with forbearance agreement – these two are totally different agreements. Loan modifications are a long term permanent solution for any borrower who has shown an inability to repay his or her existing loan. A Forbearance agreement is a short term solution to any property owner who is presently going through a temporary financial hardship. You must understand that CDA Law center is a legal center where highly experienced paralegals, case managers, former underwriters, attorneys and analysts put together all your information and conduct a detailed financial analysis in order to determine if you qualify for a loan modification – not everyone is eligible for loan modifications.
There are a lot of reasons why a loan modification will work for you. If any of the following applies to your present situation, then you are definitely an eligible candidate for this option: ” If you are unable to refinance due to loss of equity, when you owe more than the property itself is worth. ” If you are unable to refinance, caused by lack of positive credit or late payment of mortgage. ” If the rate is currently adjusting or is in the process of adjusting. ” If you are facing foreclosure. ” If you have suffered financial hardship: – Pay cut – Job loss – Medical bills – Divorce or separation – Rising bills – Death of spouse or family member ” If you have a Minimum Payment Interest or “Pick-A-Pay” only loan
Yes, you can attempt to get a loan modification all by yourself, but be warned, it is a very tasking process and many people often fail and lose their home. You really cannot afford to tighten the purse strings if your situation can lead to a foreclosure on your home. A reputable company like CDA Law Center can effectively navigate through all the protocols and meet with the decision maker with utmost efficiency and alacrity. Remember, when time is not on your side, leave it to the professionals.