Firm Provides New Option for Homeowners Facing Foreclosure or Debt Settlement
Costa Mesa (PRWEB) April 9, 2010 -- Mesa Law Group, an innovative California-based law firm with specialty financial services has developed a new Lien Elimination program to help home owners facing foreclosure or financial hardship due to tough economic times. With strong initial response from customers, Mesa is able to challenge and remove liens or other encumbrances against an individual which in many cases includes the removal of a second mortgage lien.
For homeowners, the result is the elimination of a second mortgage without penalty from the lender or IRS for taxes. In the process the individual keeps their property and allows for repayment through reduced payments, reducing the time needed to rebuild credit, and saving as much as three times the cost in interest savings. While bankruptcy is often considered taboo today, a Chapter 13 or “Homeowner’s Bankruptcy” is often the best solution for those in hardship due to the economy. As an example, a homeowner with a $500,000 mortgage where the house is now only worth $200,000 and a $100,000 second mortgage, Mesa is able to negotiate the removal of the second mortgage so that the first mortgage can be successfully modified to avoid foreclosure.
In the words of Mesa customer Donovan T., “When I came to Mesa Law I originally intended on hiring the firm to assist us with the restructuring of our first mortgage but after spending time with our counselor and the attorney staff we agreed that a bankruptcy would help our family more than a modification of our loan. We had a pretty good rate on our loan and the counselor we spoke to informed us that it wasn't our mortgage that was a problem it was our debt. At the end of three years my credit card debt and second mortgage will be gone for good finally. Thank you to the Mesa Law Group.”
“Even with the help provided by the Government and a loans being modified for years, homeowners are still in financial trouble. Mesa Law uses bankruptcy as a tool backed by expert insight to help homeowners in need. By focusing on the specific challenges of those facing foreclosure and bankruptcy Mesa Law Group is having success where other mortgage and legal professionals run out of options,” said founder and President Paul Peterson.
About Mesa Law Group
Mesa Law Group is a legal corporation providing specialty financial services. Mesa helps borrowers navigate bankruptcy, homeowners avoid foreclosure, mortgage brokers to give clients more options, and protect those in need of legal representation. An innovator in the industry, the company has developed the Forensics Loan Audit and other unique programs that empower borrowers and those with financial hardship. Providing detailed financial analysis backed by legal counsel, Mesa Law group applies traditional and more contemporary options such as Bankruptcy Protection, Debt Restructuring, and Lien Elimination to find the best solution for each client.
For more information visit our website: www.mesalawgroup.com
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[Via Legal / Law]
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