Avid Law Center Saves Disabled Homeowners from Foreclosure

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Orange County-Based Real Estate Litigation Law Firm Succeeds with Another Winning Case Result For Wheelchair-bound Homeowners

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"Our aggressive approach demanded swift action and has helped the Alunans keep their home on reasonable and fair terms" - Aron Rofer, President, CEO and Managing Attorney for Avid Law Center

Avid Law Center, an Orange County, California-based real estate and litigation law firm, achieved another winning case result with the successful negotiation of an affordable mortgage loan restructuring plan for their clients, Sergio and Maria Alunan of Antelope, Calif. Both homeowners are wheelchair bound due to physical disabilities.

The new terms of the Alunan’s mortgage restructuring, settled through Chase, included lowering the interest rate to a fixed two percent (2%), a 120-day mortgage term extension, and a new lower affordable mortgage payment of only $669.00. Their lifetime monthly payment savings, over the life of the loan, is expected to exceed over $374,000.00.

“My husband and I were going through a very difficult and confusing time, trying to make sense of our options for staying on top of our mortgage payment. We had heard that lenders were difficult to deal with and we didn’t trust our knowledge of the system. That was why we decided to work with Avid,” said homeowner Maria Alunan. “Now we can afford this new payment and we can rest assured that we will not be losing our home. We are overjoyed at the outcome and couldn’t be more grateful to the team at Avid for helping us fight to keep our home.”

The Alunans purchased their home as the housing market was expanding in 2002. They are both physically disabled, requiring electric wheelchairs for their mobility, so they spared no time in making their new home wheelchair accessible. Over the next five years they spent significant money making necessary improvements and enjoying their “American Dream” of home ownership. In 2007, Mr. Alunan lost his job due to legal, health, and economic reasons. The couple began struggling to pay their mortgage and soon found they were unable to refinance due to the great loss in the value of the house. Their hardships again increased after Mr. Alunan suffered a stroke and was injured in a serious car accident. Now completely unable to return to work, the couple struggles even further in making their mortgage payments on their disability benefits alone.

Upon receiving the case, Avid Law Center moved quickly to compile a loan restructuring package. Their work helped the couple complete the required financial applications, hardship letter, and the supporting records for the banks to review. Avid then sent a legal demand to Chase, their lender, warning of possible litigation, but seeking to resolve their hardship and loan issues through a reasonable settlement, modification, and a restructuring of their loan.

“The loan modification process can be very stressful and frustrating to homeowners in financial distress. Banks are notorious for dragging their feet, misplacing paperwork and eventually denying modifications to move forward with foreclosure,” said Hiro Watari, a loan restructuring attorney for Avid Law Center. Aron Rofer, President, CEO and Managing Attorney for Avid Law Center further commented, “Our aggressive approach demanded swift action and has helped the Alunans keep their home on reasonable and fair terms. We take each of our clients’ situations very personally and it is a pleasure to know we’ve truly helped so many deserving clients through our hard work.”

Avid Law Center recently announced it had reached its 600th winning case result, successfully advocating for millions of dollars in mortgage debt relief for its clients throughout California.

For more information please visit 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 consumers throughout the state. With over 30 years of legal experience, as well as significant experience in business and finance, Avid Law Center challenges banks on behalf of their clients to stop foreclosure and reduce clients' mortgage payments to an affordable amount.

The information in this release is for general information purposes only. Nothing in this release or on the Avid Law Center website or blog should be taken as legal advice. Prior successes are no guarantee of future performance. Litigation is inherently uncertain and results in litigation are never guaranteed.

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Amanda Tsang

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