Gail Talbert of Los Angeles, CA, retained United Law Group, a national law firm, for foreclosure prevention services in October 2008 when she was unable to make her $2,198 payment. Seven months later, the firm successfully negotiated a principal reduction from $409,000 to $211,250. Talbert's negative amortization loan was at 9.00% and scheduled to increase. She is now paying 5.875% on a 30-year fixed rate loan.
Irvine, CA (PRWEB) April 28, 2009 -- United Law Group, the leading provider of legal foreclosure prevention and foreclosure litigation services, successfully negotiated a principal reduction and loan modification that reduced Gail Talbert's mortgage loan balance by over $200,000. Talbert retained the firm in October of 2008. Seven months later the firm completed the negotiation with Homecoming Bank, a subsidiary of GMAC, which saved Ms. Talbert from foreclosure.
"United Law Group saved my house," said Ms. Talbert. "I stopped making my payments in October because I couldn't keep up. When the bank called to hassle me I told them I had a law firm helping me. They didn't bother me again. Retaining United Law Group was the smartest decision I ever made."
Ms. Talbert works as an electronics inspector for a Los Angeles based company. She had been out of work for several months prior to getting this job and had fallen behind on her payments. Upon learning that Gail hired a company to help her with her stave off foreclosure many of her family and friends became concerned.
"Folks told me I'd been scammed," said Ms. Talbert. "But I kept the faith. I got a good feel from the people at United Law Group. The attorneys were smart. They stayed in contact with me and worked hard to get the bank to do right by me."
United Law Group takes a strong position against predatory loan modification companies that prey on honest citizens in need of help. Earlier this month the firm issued a statement in support of the government crackdown on these predatory companies. In addition the firm provides resources to help people to combat mortgage scams.
"United Law Group is a law firm with attorneys throughout the nation licensed by their respective state bars," said Corvi Urling, Executive Consultant for United Law Group. "Companies claiming to have attorneys on staff are not law firms. They cannot do the things a law firm can do to compel the banks to respond or enforce the client's rights. Nor are they held to the same standards."
Ms. Talbert, and countless others like her who made the choice to work with a law firm like United Law Group understand the difference.
"United Law Group protected my rights," said Ms. Talbert. "I had a negative amortization loan with a payment of $2,198 that was increasing annually. I had no equity and couldn't make my payments. United Law Group got the bank to reduce my principal and my payments dropped to $1,652 on a 30-year fixed loan. Now I can stay in my house and sleep at night."
About United Law Group
United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada & Arizona. It is the largest foreclosure prevention firm in the country with attorneys licensed in every state. Dedicated to helping homeowners facing hardships to keep their houses, United Law Group uses legal channels to compel banks to modify adjustable-rate to fixed-rate mortgages, reduce principal and interest, and create other fair solutions between the lender and borrower.
For further information on United Law Group, visit: unitedlawgroup.com.
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