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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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Acclaim Legal Service is an outstanding firm to use for your bankruptcy need. The team of employees are courteous and knowledgeable. Attorney, Chris Jones, is thorough, consistent and resilient. He will stand up for you and with you through the entire bankruptcy…
Just wanted to thank you for all your help settling our deficiency with the bank.
After finding out the bank wanted us to pay the difference between what we owed them on the house and what they sold it for, I didn’t know which way to turn…the thought of possibly loosing our building kept…
I would give the Acclaim team an A+. The team never made us feel any less then important to each of them from the Desk Clark to the Trustee – I must say…. the communications that I had with Nicole M. Hollihan was always great – e-mails and voice mails were answered…
When I started at Acclaim they were every helpful in explaining the things i need to know an what all the paper work i needed to get together. As i went through all the process on my Chapter 13 bankruptcy they kept me informed of all i need to do and to get for them. If…