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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 moment and recognize our attorney and his team. They were very accommodating and courteous throughout our entire Chapter 13 process. When we had a question we would email them or call and they would promptly get back to us with an answer.…
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…
I wanted to let you know about your staff and the support they all showed my wife and myself.
From our first meeting with William in his office to Cindy answering all our questions and time spent on the phone many thanks to her, along with Chris looking…
I truly wish that Chris and Cindy had been our legal team from the beginning. We did not know what to expect, we were very uneducated about the chapter 13 process.
Our attorney of record prior would not return email, calls and when I made appointments was not available to help or answer questions.…