The Law Office of Michael E. Ripley

Exceeding Expectations

Success Story: Mr. and Mrs. L of San Diego

Excellent news for Mr. and Mrs. L. of San Diego.  Mr. L. is retired military, and currently works as an optometrist.  His income is down by 50% due to a downturn in his business.  Through our work with his lender, Chase, we reduced his house payments to $3,121.00 per month, from $4,097.00.  This is a savings of 24% or $976.00 per month.  Chase also forgave $99,000.00 in unpaid back payments.  Finally, the new terms of the modification is an interest rate of 2% for the first five years, and will cap at 3.625% in year 7.