 | California Loan Modification Attorney | (888) 530-1212 Info@CaLoanModLawyer.com |
  Are you behind on your Mortgage Payments ? Have you been turned down for a Loan Modification ? Has your rate adjusted or is it adjusting soon ? Are you a victim of Predatory Lending ? Do you owe more than your home is worth ? Enduring a hardship causing financial difficulty? Concerned about Foreclosure ? ________________ We can Help You with... ARM Loans Pay Option ARM Fixed Rate Loans Delinquent or Current on your Home Loan. | Law Offices of James F. Kajtoch. The Law Offices of James F. Kajtoch can help a struggling homeowner with a Loan Modification. We will assist you in supplying the appropriate information to your lender(s) to negotiate the appropriate messaure to modify the term(s) of your mortgage. Our experienced loan modification staff will apply proven strategies in order to secure a fair and beneficial loan modification from your lender. This could lower your payments, decrease the interest rate, extend the term of the loan resulting in smaller payments, or possibley lower the principal balance. Due to the poor local real estate market in California, and the nationwide Mortgage loan crisis, many California homeowners find themselves unable keep up with their increased mortgage payments. Worse yet, it is almost impossible to refinance today to get a better loan. The solution is a Loan Modification. Let the Experts at the Law Offices of James F. Kajtoch help you reduce your Loan Payments ! We provide California homeowners the critical information and professional representation you need to put an end to your mortgage difficulties. The Truth In Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) are utilized to bring your lender to the negotiating table. Our expert knowledge of California mortgage law, and hardnosed negotiations provides you many advantages in the Loan Modification process. The Law Offices of James F. Kajtoch is a Licensed Attorney in the State of California, and is a Member of the California Bar. California passed New Legislation to Help Homeowners in Need ! - California recently passed new legislation to help solve the mortgage loan crisis. California is one of the states hit hardest by the foreclosure crisis and action was needed. An agreement was made with major mortgage banks to streamline the loan modification process. Federal Governments Home Affordability Program to help Millions of Homeowners. - The Obama administration is very concerned about the nations mortgage loan crisis. They recently allocated $75Billion to assit mortgage banks and homeowners with Loan Modifications and other workout porgrams. |
Countrywide Loan Modification: Interest Rate Reduced from 10.875% ARM to 6.95% Fixed for life of loan. Monthly payment reduced by $619/mos and is now principle and interest instead of just interest only. Carrington Loan Modification: Interest rate reduced from 8.50% adjustable to 5.50% fixed rate for life of loan. Monthly payments were reduced by $535.05/mo. The rate had adjusted from 5.95% to 8.50%. The homeowner had fallen behind 1 payment, and was struggling since his monthly income had dropped while his monthly payment increased. Chase Loan Modification: Interest rate reduced from 11.149% fixed to 4.25% for 5 years and then adjusts to 6.25% fixed rate for life of loan. (Modified loan balance of $109,519.23.) Monthly payments were reduced by 45% from $986/mo to $545/mo for 5 years. Total savings to the homeowner of over $115,000.00! American Home Mortgage Loan Modification: Interest rate reduced from 8.75% to 3.00%. Monthly payment was reduced by $890.19/mo. The delinquency was capitalized. One of the homeowners had suffered a back injury at work and had not been able to work for many months. They exhausted their savings and fell behind on the mortgage by 7 months when the modification was obtained. Countrywide Loan Modification: Interest rate reduced from 9.72% to 3.25% for five years. The monthly payment, including taxes & insurance was reduced from $3,699.07/mo to $1,410.19/mo. Monthly payment reduced by $2,288.88/mo! Delinquent interest and escrow shortage were capitalized. All junk fees eliminated. Chase Loan Modification: Interest rate reduced from 9.30% fixed rate to 3.00% fixed rate for life of loan. Monthly payment was reduced by 46% from $662.70/mo to $357.73/mo. A savings of over $100,000.00 over the life of the loan. Carrington Loan Modification: Interest rate reduced from 9.30% fixed rate to 3.00% fixed rate for life of loan. Monthly payment was reduced by 46% from $662.70/mo to $357.73/mo. A savings of over $100,000.00 over the life of the loan. |    |