Ms. Ulery and Her Do it Yourself Loan Modification with BankAmerica – Feldman Law Center
Feldman Law Center – Eileen Ulery wasn’t a real estate speculator. She was an executive assistant at Arizona State University that bought a condo in Mesa, Arizona for $77,000 in 1997 where she had lived ever since. Several years and a couple of refi’s later, her mortgage balance was up to $140,000 and then the bottom fell out. University budget cuts resulted in the elimination of her job, which she had held for over twenty years. With some (more…)
Feldman Law Center – Bob the Homeowner versus Net Present Value
Feldman Law Center – News by Feldman Law Center — A little known aspect of the Obama Administration’s “Making Home Affordable” plan is the “Net Present Value” test which essentially determines whether a loan modification or a foreclosure and sale will provide a better return for the investors behind the mortgage in question. The calculation takes the proposed monthly payment in a (more…)
Feldman Law Center – The New York Times gets it About Half Right
Feldman Law Center – A recent New York Times editorial indicates that the Obama honeymoon may be coming to end as the faltering economy continues to eliminate jobs and a tidal wave of foreclosures grows by the month. Through May foreclosure filings reached the one million mark with estimates for the whole of 2009 coming in at 2.4 million. The foreclosure issue, as large as it is presently, could easily exceed the current yearend estimates if j (more…)
Feldman Law Center – The Specifics of President Obama’s Plan
President Obama’s historic presidency began in the midst of possibly the worst financial crisis since the Great Depression. The housing and real estate markets seemingly jumped off of a cliff, taking with it the financial stability of every other industry. Obama passed sweeping legislation to help homeowners make payments and deal with the financial crisis while staying in their homes. This plan in turn helps lenders who need homeowner (more…)
Feldman Law Center – Feldman Law Center Acquires Former Lending Tree V.P. To Head Up Expansion
The Feldman Law Center, a Law Firm that provides nationwide loan modification and debt relief services announced the recent acquisition of former Lending Tree Vice President Mr. Jerry Koller to head up their expansion. Mr. Koller brings us a wealth of knowledge, says Mr. Steven C.Feldman as Koller has worked for Mr. Anthony Hsieh Former ETRADE Financial CEO who then founded HomeLoanC (more…)