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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 would like to take a few minutes to say thanks to your entire staff. In the past 51/2 years I have come into contact with a lot of them! Chris and Cindy have been very patient with my questions, e-mails and phone calls.
Acclaim Legal Services has given…
Thank you for taking the time on Monday, to explain to me all the details of my case. I really learned a lot from our talk. There should be more people in the world like yourself to make time for others that don’t understand the legal/law side of business.
Thanks…
My wife and I would like to thank Acclaim Legal Services for all their expertise and support. Special thanks to Brian Rodriguez, Cindy Millns and Leanna Sikes who have been so supportive in this most difficult time in our lives regarding Chapter 13 and our set of rather severe circumstances.
In looking back, the best decision I made was to go with Acclaim – a bankruptcy only law firm. I was extremely stressed because of the financial situation I was in when I saw an advertisement for Acclaim. After my first visit I could finally feel hope.
I…