Loan Modification
A client had a tremendous financial hardship and was unable to make a mortgage payment for thirty one months prior to retaining The Green Law Group, PLLC. The original interest rate on the client’s mortgage was 9.9% with a monthly payment of $2,425.14. The client had owed $85,000 of back mortgage payments. The Firm's legal team negotiated a variable interest rate that begins at 2.75% for the next five years subject to increase, not to exceed 3.2% for the life of the loan. The client’s new monthly payment is now $900 per month representing substantial monthly cash savings. Additionally the client avoided losing their family home without having to pay the $95,000 that was delinquent.
Forbearances Obtained Leading to Loan Modification
A client had $22,000 in delinquencies on a first mortgage for a home in foreclosure. The Firm's legal team negotiated a forbearance agreement which provides for three (3) monthly payments of $915.82 rather than the previous monthly amount of $1,508.
Credit Card Debt Settlement
Lender agreed to settle client’s debt of $43,528.23 for $8,711 payable in four installments.
Lender agreed to settle client’s debt of $3,193 for $1,278 payable in three installments.
Lender agreed to settle client’s debt of $8,236.56 for $2,883.42 payable in three installments.
