The Law Office of Michael E. Ripley

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San Diego Home Loan Modification Attorney

Stop Foreclosure With Experienced Loan Modification Lawyer


Most people who come into the Law Office of Michael E. Ripley are searching for someone who will help them hold onto their homes. They are under tremendous stress of meeting their financial obligations.

We sit them down and ask:

  • Are you currently in default of your mortgage?
  • Have you received a notice of trustee?
  • What is your lender communicating to you about your situation?
  • Do you want to keep your home?

And then we get to work as an intermediary between the homeowner and his or her bank or lender to find a solution.

Our Business Is Helping People in California

Attorney Michael E. Ripley has been very successful over the years helping people who are facing financial hardships and trying to stay in their homes.  His experienced staff has worked with many lenders over the years to obtain loan modifications for homeowners. We know it takes a lot of patience to get through the process because of all the requirements.  Our core practice area is loan modification, which means we help our clients with mortgage defaults and foreclosure defense.

San Diego Home Loan Modification Lawyer Is Ready to Help

Our law firm has a solid reputation for helping people. In fact some of our clients seek help from us after having a bad experience with other companies that offer services associated with foreclosure. People are often amazed at the straightforward approach we take to their case.  The staff at the Law Office of Michael E. Ripley has the patience, persistence and attention to detail that our clients appreciate. We are not going to give up on your case, no matter how long it takes.

Call an El Cajon Mortgage Modification Lawyer

Attorney Michael E. Ripley and his staff believe in doing the right thing and providing good results for our clients in El Cajon, Chula Vista and Carlsbad. We want to help homeowners stay in their homes by offering cost-effective services.  Call the Law Office of Michael E. Ripley at 858-792-1300 or e-mail us using the form on this website. Our San Diego, California, office is open Monday-Friday from 8:30 a.m. to 5 p.m. Evening and weekend appointments are available. We offer 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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 Monday through Friday

8:30am to 5pm

Pacific Standard Time

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