Aliso Viejo, CA (PRWEB) November 17, 2011
Avid Law Center, an Orange County, California-based genuine estate and litigation law firm, accomplished an additional winning case outcome with the effective negotiation of an affordable mortgage loan restructuring program for their consumers, Sergio and Maria Alunan of Antelope, Calif. Each property owners are wheelchair bound due to physical disabilities.

The new terms of the Alunans mortgage restructuring, settled via Chase, integrated lowering the interest rate to a fixed two % (two%), a 120-day mortgage term extension, and a new decrease reasonably priced mortgage payment of only $ 669.00. Their lifetime month-to-month payment savings, over the life of the loan, is expected to exceed more than $ 374,000.00.

My husband and I had been going by means of a quite challenging and confusing time, trying to make sense of our possibilities for staying on leading of our mortgage payment. We had heard that lenders were tough to deal with and we didnt trust our knowledge of the program. That was why we decided to perform with Avid, mentioned homeowner Maria Alunan. Now we can afford this new payment and we can rest assured that we will not be losing our residence. We are overjoyed at the outcome and couldnt be far more grateful to the group at Avid for assisting us fight to preserve our house.

The Alunans bought their house as the housing marketplace was expanding in 2002. They are both physically disabled, requiring electric wheelchairs for their mobility, so they spared no time in creating their new house wheelchair accessible. More than the subsequent 5 years they spent considerable cash creating essential improvements and enjoying their American Dream of residence ownership. In 2007, Mr. Alunan lost his job due to legal, overall health, and financial reasons. The couple began struggling to pay their mortgage and quickly found they were unable to refinance due to the excellent loss in the worth of the house. Their hardships again enhanced right after Mr. Alunan suffered a stroke and was injured in a serious automobile accident. Now totally unable to return to perform, the couple struggles even additional in generating their mortgage payments on their disability rewards alone.

Upon receiving the case, Avid Law Center moved quickly to compile a loan restructuring package. Their perform helped the couple total the needed monetary applications, hardship letter, and the supporting records for the banks to assessment. Avid then sent a legal demand to Chase, their lender, warning of possible litigation, but seeking to resolve their hardship and loan concerns via a affordable settlement, modification, and a restructuring of their loan.

The loan modification procedure can be extremely stressful and frustrating to property owners in monetary distress. Banks are notorious for dragging their feet, misplacing paperwork and at some point denying modifications to move forward with foreclosure, said Hiro Watari, a loan restructuring lawyer for Avid Law Center. Aron Rofer, President, CEO and Managing Attorney for Avid Law Center additional commented, Our aggressive strategy demanded swift action and has helped the Alunans preserve their home on reasonable and fair terms. We take each of our consumers conditions very personally and it is a pleasure to know weve genuinely helped so a lot of deserving customers through our hard perform.

Avid Law Center lately announced it had reached its 600th winning case outcome, effectively advocating for millions of dollars in mortgage debt relief for its clientele throughout California.

For more data please pay a visit to http://www.avidlawcenter.com

About Avid Law Center 
Based in Orange County, California, Avid Law Center is a full service Real Estate Litigation Law Firm representing shoppers all through the state. With more than 30 years of legal expertise, as nicely as considerable expertise in organization and finance, Avid Law Center challenges banks on behalf of their clients to quit foreclosure and minimize clients’ mortgage payments to an cost-effective amount.

The information in this release is for basic data purposes only. Nothing in this release or on the Avid Law Center internet site or blog need to be taken as legal guidance. Prior successes are no guarantee of future overall performance. Litigation is inherently uncertain and final results in litigation are never ever guaranteed.

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