Bankruptcy Attorney Ventura Oxnard Santa Barbara Bakersfield – Mortgage settlement is too little, too late for many

Susan J Salehi Bankruptcy Attorney

Some who suffered foreclosures say the payouts are a pittance, and many homeowners in trouble won’t qualify for help.

The massive mortgage settlement may be setting new national standards for loan servicing, but it may be too little and too late to help troubled homeowners.Many homeowners will see reductions in the principal they owe on their mortgages. In California, those who endured foreclosure probably will see checks averaging $1,500 to $2,000.”It’s a form of very rough justice,” said Paul Leonard, director of the Center for Responsible Lending’s California office. “There’s really no screening to determine whether these were wrongful foreclosures; they’re going to give something to everybody regardless of the circumstances.”tiffany.hsu@latimes.com

If I can help you resolve your financial problems with a Chapter 7 or Chapter 13 bankruptcy, call me today at the office nearest you for a free, no obligation consultation.
 
 

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Contact Bankruptcy Attorney Susan J. Salehi to stop your foreclosure today at (805) 654-1467 

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