The Law Office of Michael E. Ripley

Exceeding Expectations

California Foreclosure Defense Attorney

San Diego Attorney offers Hope to Homeowners

No one can make any guarantees to a family that is facing foreclosure.  However, the Law Office of Michael E. Ripley offers our clients hope because we have experience helping San Diego, California residents defend against foreclosure with loan modifications.

 

Avoid Foreclosure with the Law Office of Michael RipleyAnalysis of Your Foreclosure Case

Before taking a case, our firm will crunch the numbers to see if we can come up with a debt relief plan. If a prospective client's lender will allow it, we will call them while prospective clients are in our office to discuss options and potential courses of action.

We will not take a client unless we have viewed his or her financials and have satisfied the client that we will do our best for him or her. Our San Diego foreclosure defense team take an all-encompassing view of each client's financial situation before determining a plan of action. If our law firm is successful, that starts the process of financial recovery associated with foreclosure.


Loan Modification Lawyer for all Cities & Towns in San Diego County

If our law firm is successful in obtaining a loan modification, that starts the process of financial recovery associated with foreclosure.  Our clients from Chula Vista, Imperial Beach and San Ysidro to Poway, Fallbrook, Escondido, Carlsbad and in La Jolla, Del Mar, Encinitas, Lemon Grove, La Mesa, El Cajon and all over San Diego county have told us that our law firm gives them peace of mind. And in some cases, they have tearfully told us that we have done more for them than anyone else they've consulted for help with their case.  It is heartwarming and humbling for our staff to experience the joy we give our clients. So many of them have come to us without hope, but they leave our office feeling like there is a light at the end of the foreclosure tunnel.

 

Offering Comfort by Monitoring Cases

Once the staff at the Law Office of Michael E. Ripley starts working on a case, we communicate weekly with lenders. That's because we want to make sure nothing falls through the cracks.  Throughout the process, our clients feel comfortable with us. We urge them to call anytime to get an update on their case. Our San Diego, California, office is open Monday-Friday from 8:30 a.m. to 5 p.m. Evening and weekend appointments are available.

For more information on what attorney Michael E. Ripley can do for you, fill out a Contact Me form on this website or call 858-792-1300.

The Law Office of Michael Ripley Offers Free Consultations

Loan Modification FAQs

What are my options?

Answer = Although a loan modification is one possibility, it is not the only one.  You may also consider a short sale.  You may also consider a deed in lieu of foreclosure.  Bankruptcy is another option.  Foreclosure avoidance is another option.  At the Law Office of Michael Ripley, we consider all of the options for a perspective client, before giving advice as to what the best option for them will be.

Why choose Loan Modification?

Answer = Loan modification works to create a mortgage resolution that is financially sustainable for a homeowner. The most common benefit to the homeowner is avoiding foreclosure. Lenders benefit by reducing the losses they would incur through foreclosing on the homeowner.

What if my credit is bad?

Answer = Whether your credit is good or bad does not determine if you get a loan modification.

What if I don't have any equity or I'm upside down on my mortgage?

Answer = Generally, people who are seeking loan modifications want to stay in their house even though they owe more than it is worth.

What can a prospective client expect in terms of a loan modification?

Answer = You will know what to expect during the first meeting with us. The government's guideline is a house payment cannot exceed 31 percent of your gross income. If a payment is 40, 50 or 60 percent of your gross pay, you can expect to get your payment down.

How much can someone expect to achieve dollar wise?

Answer = This dollar amount varies. Generally, with 30 to 40 years left on a loan and a savings of $500 a month, there would be a savings of over $150,000 over the life of the loan.

Do all banks engage in loan modification?

Answer = All banks are supposed to engage in loan modification. Some are easier to work with than others. We have been successful in getting loan modifications from every lender out there.

Is the government involved?

Answer = Yes, it can be, and there are several programs offered under President Obama's Making Home Affordable program. These include: Home Affordable Refinance Program (HARP), Home Affordable Modification Program (HAMP), Second Lien Modification Program (2MP) and Home Affordable Foreclosure Alternatives Program (HAFA).

How long should a client expect the process to take?

Answer = There is no easy answer and each case is different. But most cases are successfully completed within 60-90 days.

What should I expect my payments to be for my new loan?

Answer = The guidelines used by each bank are different, and the guidelines have been changing on a continuing basis. Typically, your lender will modify your loan so that you can afford to make your monthly payment. They do this by lowering the interest rate, extending the life of the loan, by principal reduction, or otherwise, by reducing the monthly payment so that you can continue to live in your home.

 

Contact Us

The Law Office of

Michael E. Ripley

Loan Modifications

12520 High Bluff Drive

Suite 110 (First Floor)

San Diego, CA  92130


Phone (858) 792-5800

Fax (858) 794-9132

 

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Office Hours

Weekdays

 Monday through Friday

8:30am to 5pm

Pacific Standard Time

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