We can work with lenders and banks to negotiate lower payments for homeowners
Bellevue, Washington (PRWEB) October 16, 2013
Advantage Legal Group is a bankruptcy and foreclosure mediation attorney law firm with offices in Seattle and Bellevue Washington. Jonathan Smith, owner and senior attorney at the office was recently seen on the local Seattle television show New Day. Smith talks about options homeowners have that are behind on their mortgage and may owe thousands of dollars. Callers have either phoned in requests and questions or written into the station for answers on pressing refinance, mortgage and foreclosure questions. Smith tackles tough situations such as one client whom was behind 12 months on the mortgage for a total of $30,000 behind. Advantage Legal Group was able to negotiate with the lender providing a new term with a 4% loan, 40 year term and a new payment $400 less than the previous monthly mortgage.
Other situations that Advantage Legal Group has negotiated have been for clients $90,000 behind or 43 months delinquent that are no longer eligible for refinance or foreclosure modification but must be built into a trial payment term for three months and then a reevaluation after the trial to refinance into a new home loan that meets the monthly budget for the client.
Smith says, “Just because raising interest rates are affecting new loans, these rates should not affect existing loans or modifications to new refinances. However, every situation is unique and past results are not indicative of future results.”
Advantage Legal Group is a reputable company in the Bellevue, Kirkland and Seattle areas that not only assist homeowners with bankruptcy, foreclosure prevention and short sale assistance but have the tools and the experience to tackle negotiations and litigations with lenders and large banks.