If given the chance, banks would foreclose on the Playboy Mansion, the White House, and Disney’s Sleeping Beauty Castle. America’s most famous landmarks would be sold at public auction because some unreasonable mortgage companies would be unwilling to offer assistance. Make no mistake, lenders aren’t your friends. Even beloved TV legend Ed McMahon couldn’t avoid foreclosure.
From famous celebrities to average homeowners, the housing crisis has impacted the lives of every cross-section of America. US News reports that home prices have dropped 21 percent from their 2006 peak prices. To make matters worse, investment firm Goldman Sachs predicts the unemployment rate reaching 9 percent by the end of this year, prolonging the widespread mortgage woes. As economist Nigel Gault describes, “Household wealth continues to fall rapidly, employment is falling steeply, and consumer sentiment is at or near all-time lows.”
It’s getting ugly out there, and during these troubling economic times, many struggling families are asking, “who’s looking out for us?”
If only Ed McMahon had contacted Feldman Law Center, the Tonight Show sidekick wouldn’t have had to find an ominous notice of default waiting in his mailbox. Firms like the Feldman Law Center have been helping homeowners across the country avoid foreclosure by modifying their loans. They may have been able to modify McMahon’s $4.8 million loan by reducing his interest rate and capitalizing his $644,000 of arrearages.
Loan modifications have allowed many people to stay in their homes. By negotiating modified loan terms, homeowners have been able to afford the roof over their heads for many more years to come. It is a hopeful alternative to losing one’s home completely, and no one wants to put their American Dream through a short-sale.
Attorney Steven Feldman, founder of the Feldman Law Center, brings over 25 years of legal experience to the firm. He also brings boldness and warrior-like aggressiveness to the front line of the foreclosure fight, which his staff has gladly inherited from him. Feldman simply isn’t ashamed of getting mean with mortgage companies. In fact, he and his team take pride in forcefully reminding lenders that foreclosure should not be an option. “The banks can often get lost in their own ineptness, and we really don’t mind setting them straight by negotiating a loan modification,” said Feldman. “We aren’t here to make friends; we are here to save homes.”
While the nation looks to the government for assistance, many have already found hope in places like Feldman Law Center. Though the loan modification process can be lengthy, members of Feldman’s team have provided confidence to struggling homeowners that cannot seem to find it anywhere else.
As one Los Angeles homeowner and Feldman Law Center client said, “When describing Feldman Law Center, one word comes to mind: fearless.” For more information please call us at (800) 588-0425 or visit www.feldmanlawcenter.com
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