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  • Foroosh Law Group


    We have built our firm into one of the most respected law firms here in the High Desert by providing our clients with premium services and achieving results.

    We evaluate and value your claim to obtain the most effective result for you.

     

    • Legal Help

      BankruptcyStarting at $799.00 and up.
      Payment Plans Available.
      Get started today for only $100.00


      Loan ModificationsLet an experienced attorney get your monthly mortgage payment lowered by as much as $1000!!
      Call us to ask if you’re eligible for the Making Home Affordable (MHA) program. Get started for just $475.00.


    • Short SalesAbsolutely NO FEE to you! The SELLER PAYS NOTHING FOR ATTORNEYS FEES IN A SHORT SALE. Let an experienced team of attorneys and real estate professionals handle your Short Sale to minimize any liability and negotiate away any deficiency balance or any other contribution from you to get the Short Sale through.

      For every passing day that you don’t take action, these problems get progressively worse and harder to solve- eventually causing you to lose your home to foreclosure or forcing you into bankruptcy. 


      COME IN AND TALK TO US TODAY IT’S FREE!!! 


Loan modification is very helpful to those in times of great financial distress. It offers numerous benefits and can get you out of debt.

  • Some of the primary reasons for a loan modification are to:


  • Lower your monthly payment

  • Lower your interest rate

  • Fix your adjustable rate

  • Reduce your loan balance

  • Waive negatively accrued interest

  • Grant extensions on payments

  • Re-amortize loan to include past due payments

  • SAVE YOUR HOME


  • Home Affordable Modification Program:
    Administered by Fannie Mae


  • The Home Affordable Modification Program (HAMP) is designed to help as many as 3 to 4 million financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The program provides clear and consistent loan modification guidelines that the entire mortgage industry can use.


    Borrower eligibility is based on meeting specific criteria including:

  • 1) Borrower is delinquent on their mortgage or faces imminent risk
    of default.
    2) Property is occupied as borrower's primary residence.
    3) Mortgage was originated on or before Jan. 1, 2009 and unpaid principal balance must be no greater than $729,750 for one-unit properties.


  • After determining a borrower's eligibility, a servicer will take a series of steps to adjust the monthly mortgage payment to 31% of a borrower's total pretax monthly income:

       

      First, reduce the interest rate to as low as 2%,

      Next, if necessary, extend the loan term to 40 years,

      Finally, if necessary, forbear (defer) a portion of the principal until the loan is paid off and waive interest on the deferred amount.


    Note: Servicers may elect to forgive principal under HAMP on a stand-alone basis or before any modification step in order to achieve the target monthly mortgage payment.


    To view this article in its entirety click the link below.


  • Making Home Affordable Handbook

Foroosh Law Group (760) 951-0222



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        Victorville, CA (760) 951-0222
        Los Angeles, CA (310) 461-1461

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