Rss Feed
Tweeter button
Facebook button
Technorati button
Reddit button
Myspace button
Linkedin button
Webonews button
Delicious button
Digg button
Flickr button
Stumbleupon button
Newsvine button

California Homeowners in Default Only Have a Matter of Days to Submit Special Modifications Before ‘Dual-Tracking …

LOS ANGELES, Dec. 21, 2017 /PRNewswire/ — According to the Los Angeles Real Estate Attorneys of Gomez Simone, time is quickly dwindling on a valuable opportunity for homeowners facing foreclosure. By Dec. 31, 2017, all loan modifications made possible by a California consumer protection law must be submitted before the expiration of the law on Jan. 1, 2018.   




The modification is a result of the provision known as California’s “Ban on Lender Dual-Tracking”, and was signed into law by Governor Jerry Brown, was primarily geared toward recent widows and widowers who stand to fall behind on their mortgage payments because of the loss of a loved one. 

However, according to loan modification attorney Stuart R. Simone, Founding Partner Gomez Simone, a foreclosure defense law firm, a greater pool of homeowners in default currently qualify for the stop foreclosure program. The term “dual tracking” means a practice from the banking industry to pursue both a loan modification and a foreclosure from a homeowner simultaneously.   

“When homeowners facing foreclosure came to Gomez Simone, we would work with the new client to submit a truly ‘complete’ loan modification application and make the law work for them; our success rate has been very high, with most borrowers being granted loan modifications with low monthly payments and interest rates,” said Simone.     

This article is intended to be an informational public advisory and not intended to be used as legal advice. Gomez Simone is a California-based real estate law firm representing homeowners, landlords and tenants with several offices around Southern California. For more information about the California Homeowner’s Bill of Rights or “Ban on Lender Dual-Tracking”, please direct inquiries to the Gomez Simone main office at (855) 219-3333.   

Related Images

image1.png

image2.jpg

image3.jpg

Related Links

Gomez Simone

Stop Foreclosure Attorney

Related Video

http://www.youtube.com/watch?v=LgC7bW-gDn0

View original content with multimedia:http://www.prnewswire.com/news-releases/california-homeowners-in-default-only-have-a-matter-of-days-to-submit-special-modifications-before-dual-tracking-law-expiration-300574451.html

SOURCE Gomez Simone

Article source: https://www.prnewswire.com/news-releases/california-homeowners-in-default-only-have-a-matter-of-days-to-submit-special-modifications-before-dual-tracking-law-expiration-300574451.html

Speak Your Mind

*