California Foreclosure Moratorium

California imposed a 90-day moratorium on housing foreclosures called the California Foreclosure Prevention Act, similar to the Obama Making Homes Affordable Plan that took affect on June 15, 2009. Unfortunately, it does not guarantee homeowners a loan modification and may do little to stop a trustee sale.

We recieve calls to our firm every day from homeowners who have tried to reach out for help under these plans and should qualify, but they are denied or turned away. In frustration, they have to hire an attorney to fight for them and their home. Read more

How does a loan modification work?

The theory behind a home loan modification is quite simple. Also referred to as a loan workout, it is when your current lender agrees to modify (change the terms) of your mortgage in order for you to afford your monthly payments and help avoid foreclosure.

Often, homeowners find our law firm after they have attempted to obtain a loan modification on their own and or were unsuccessful in working with a non-profit. If this is you, the Fransen and Molinaro Law Firm is the perfect solution to help you make your case with your mortgage servicer.

OK, back to the lesson….. Read more

Foreclosure Attorney in California

Foreclosures are completely overwhelming, confusing, stressful, and the majority of  California homeowners facing foreclosure are very unfamiliar with the process and timeline. An experienced foreclosure attorney who specializes in this field can help you draw up a plan of attack, navigate your situation, and will find the best alternative for you and your family.
 
Many people have come across situations that have caused them to lose their jobs, suffer from serious health emergencies, or live with unaffordable expenses that have lead to not being able to pay your mortgage on time. Many times you are unable to pay your mortgage for several months. Read more

Do I need a lawyer to get a loan modification, and if so, why?

Loan modification companies now occupy countless blogs on the internet, almost every commercial break on the radio and now even television commercials. Some are lawyers, some are not. Both groups seem to be spouting the same message to the same people.

Is this “boom” caused out of a legitimate need, or is it perhaps overly opportunistic individuals?

First, to preface, I am a licensed California Attorney and Real Estate Broker. I have respect for both professions, though I realize, like any profession, there are bad seeds among us. As an additional disclosure, my practice is geared towards consumer representation, specifically with respect to mortgage issues. Read more

Loan Modification Q & A’s With Paul Molinaro

 

 

 

 

 

 

Manita Dadil :

How do you know if a company is legit?

Paul Molinaro Esq.

We fully understand the dire financial situation our clients face. EVERY one of our loan resolution or Bankruptcy clients is having money problems (or they would not need us). Thus, we have made our pricing affordable to people with very limited funds.

That said, we need to make sure we are paid, and we do not want to be just one more creditor of the many seeking to collect from our clients. We ask for full payment up front.

As to guarantees.

Lawyers do not guaranty the outcomes of their cases or matters. We are lawyers and zealously represent our clients. That is how we earn our fee… through the actual work we do. Read more