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Attorney Christopher W. Jones Quoted in DS News Magazine
Acclaim Legal Services is proud to announce that one of our bankruptcy attorneys, Christopher W. Jones, was recently quoted in DS News Magazine, a leading source for the mortgage servicing industry
In the article, Jones discusses the challenges borrowers face in obtaining loan modifications in today's economic climate, where interest rates rise and inflation soar. With mortgage interest rates at their highest since 2002, many borrowers struggle to afford their payments and avoid foreclosure.
Jones suggests that in this environment, a Chapter 13 bankruptcy may be a more attractive option than a loan modification for borrowers seeking to save their homes. By proposing a repayment plan that allows for the past due payments to be cured over time at 0% interest and continuing to make ongoing payments on the mortgage, borrowers can retain their locked-in low-interest rate.
Jones notes that while a Chapter 13 bankruptcy can be an onerous process, the benefit of getting the mortgage back on track may be worth it for a borrower trying to save their home. He also analyzes each option's short-term affordability and long-term financial implications with his clients before making a recommendation.
As lenders and servicers continue to navigate the new era of loss mitigation and default servicing, Jones suggests that new and creative ideas will emerge to help borrowers at risk of losing their homes. In the meantime, a Chapter 13 bankruptcy may be an excellent alternative to stop foreclosure and provide borrowers with the time they need to get back on track. Acclaim Legal Services is committed to providing expert legal guidance to our clients. We are proud to have attorneys like Christopher Jones on our team, who are recognized as industry experts in their field. For a free consultation with Attorney Chris Jones, call us today at 866-261-8282. We provide a comprehensive overview of how to save your home from a foreclosure as well as resolve your debts to balance your budget. We look forward to your call.
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I just wanted to let you know how much I appreciated your help throughout my Chapter 13 bankruptcy. I am so glad I decided to go with Acclaim Legal Services. Everyone I dealt with were very professional. I really appreciated how quickly you responded to me…
After five years we finished our chapter 13 plan on June 2. We finally got the discharge and can continue on our new life.
This experience has been very stressful and embarrassing. I am so grateful that Cindy Milln and Chris jones were assigned to us. Both have answered our questions either…
I am thankful to Acclaim Legal Services for their diligence and professionalism in completing my Chapter 7. I am very pleased with their unwavering commitment to me, the customer. From the very beginning, attorney Christopher Jones gave me confidence and assurances…
I have to take the time to say ,Thank You, to everyone involved in my case. Firstly to Francesca, whom I met day one. She is very good at what she does. Very courteous, kind and understanding. I had no idea what I was in for, she made sure I understood everything!…