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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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Brian Rodriguez spent more than a generous amount of time with me on the phone. He answered all my questions and concerns. Your firm proves time and again that you care for your clients like family.
I'm so glad I found you folks!
It's pretty scary when you find yourself at the doorstep of bankruptcy but with the help of these great attorneys and paralegals walking every step with you, it's not so bad. I would like to give a great big shout out to Leanna Sikes who was an enormous help to me when things seemed to be going south.…
I greatly appreciate the excellent job done by Attorney Chris Jones together with Cindy Millns upon the completion of my Chapter 13. They are very prompt and thorough in helping me resolved my 2nd mortgage, credits, helped me make a realistic budget all thru…
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!…