I was Skeptical about hiring CDA because I work for the California DOJ (AG), please read:
I am very satisfied with my decision to hire the CDA Law Center to help me obtain a favorable loan modification with Chase. I am particularly grateful to Paul Young and Suzie Bryant who assisted me and worked very, very hard on my case. Like many people, my husband and I refinanced our house in 2005 when the market was booming. We agreed to a predatory loan (NegAm/Option ARM) because the interest rate was low and we thought we could easily refinance into a better loan a few years down the road. Then the housing market crashed and so did my marriage, meaning I was suddenly a single parent, the house was underwater, and I had only one income (mine) to support the mortgage payment. I was very stressed out and had many, many sleepless nights. My eighty-year old mother was so worried about me and my children, she tapped into some of her limited retirement savings to help me with the mortgage payments until I could find a more permanent solution. (Thanks Mom, SO GRATEFUL!) That’s when I turned to the CDA Law Center. At first, I was very nervous and skeptical about hiring them because I work for the California DOJ and was aware of the DOJ’s efforts to eliminate consumer fraud perpetrated by disreputable attorneys and other scam credit-counseling businesses. The CDA Law Center put all of my fears to rest. Paul and Suzie were amazing and unbelievably responsive to my questions and concerns. They quickly helped me to modify my mortgage so I could afford it based on my single-person salary. They negotiated with Chase to give me a 2% fixed interest rate, which lowered my principal, interest,taxes, and insurance by $1,146.53/month. With this monthly savings, I will be able to keep my house. Because of Paul, Suzie, and the CDA Law Center, I can sleep at night, and my children can continue to live in the only house they have ever known and attend our neighborhood schools with their friends. (Thanks Paul, Suzie, and the CDA Law Center, SO GRATEFUL!)
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
"CDA Law Center is recommended by National Homeowner Advocate Richard Zombeck of the Home Preservation Network and Huffington Post"
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.