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robert@911elaw.c
7 Posts |
 Posted - 10/29/2009 : 4:10:25 PM
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Hello:
As a premier Loan Modification processing company that contracts with attorneys/law firms to provide loan mods, our legal advisors keep us informed of the laws and compliance requirements in all 50 states.
In California, there was a new law signed in October, that basically precludes any upfront fees taken for loan mods, not even by attorneys, which greatly affects mods for California.
In response to the new law, we are rolling out a new product for California that is much less expensive than what most companies charged for loan mods. It will be compliant with the law that was just signed by the governor. And it will reach a lot more people than those that got pre-qualified for loan mods and have a nice payout for Affiliates.
Colorado has laws that make it very difficult to do loan mods there.
Thus, we continue to process loan mods in 48 states, excluding California and Colorado.
We were a pioneer in the industry in having borrowers retain attorneys, who then contract with us for the processing of loan mods.
We have a no-cost, no obligation pre-qualification process, which is a process developed from our experience gained since 2008.
Our method that includes retaining an attorney and a no-cost pre-qual, has made borrowers feel safer and allowed us to be compliant and transparent, and reduced liability for Affiliates and us.
We also provide Forensic Loan Audits, and have a powerful Online Tracking System for borrowers and Affiliates to track the activities and status on each person's case at any time of day.
I have been an Account Manager for this loan mod processing company since November 13, 2008, and have seen the many changes in the industry.
Currently we have 544 open loan mod cases, and have closed 401 cases.
If you have any questions about the California law change, or about our loan modification processing or Forensic Audits, call me at my direct line. We also have a superior Debt Resolution program for Affiliates' debtors.
Regards,
Robert Woo
Account Manager
"911eLaw"
Website: 911eLaw.com
Email: Robert@911eLaw.com
Direct: 949.315.7603
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velecico
5309 Posts |
Posted - 10/30/2009 : 4:27:28 PM
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Robert ,
I have a few attorneys in NJ that would take on any overflow you may have for $750.00 per case as long as you do all the processing and client follow up |
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