Moreno Valley, CA (PRWEB) September 8, 2009
Like many difficult-operating Americans these days, Elva Loera’s life was turned upside down when she was forced to close down her modest business. With tiny savings to offset a money flow crisis, her family’s extended-term financial future was all of a sudden in jeopardy. Regrettably, the worst was yet to come as Elva’s husband also lost his job. “I have usually taken pride in meeting my obligations,” stated Elva. “I genuinely did not know how we would ever survive or when we would function once more.”

Regardless of their efforts to discover employment, the Loera loved ones have been unlikely victims of a shrinking economy as they struggled to replace lost revenue. With sources beginning to dissipate, Elva contacted her lender for help as she started to slip additional behind on her mortgage. According to Loera, “My lender created promises and in no way followed via. I kept hearing about how the government applications would provide relief, but my lender did not care. I had nowhere to turn.”

A number of months later, Elva received a Notice of Default from her lender and a Trustee Sale date was set to auction her residence to the highest bidder. “This is the home where my kids had grown up and they have been taking it away without providing any aid. I was angry and frustrated and had no option but to move out of my residence.” With but a few days remaining just before the auction, a friend of Elva’s recommended that she get in touch with an attorney she had heard about, Joseph Hoats and his not too long ago announced, Homeowner Stability Solution. With nothing at all to drop, she known as Hoats to see if there was any hope for relief from her desperate situation.

Using a make contact with with Elva’s lender, Hoats and his Loan Modification team persuaded them to postpone the impending sale date and began serious negotiations. Combining his proprietary approach, which includes aggressive negotiating methods and a litany of legal techniques, Hoats provided Elva with renewed hope. Said Elva, “I am a fighter and I in no way gave up hopeI prayed every day and my belief in a optimistic outcome by no means wavered.”

Racing against the clock, the persistence of this unflappable California homeowner paid off abundantly. Within days of the second scheduled Trustee Sale date, Attorney Hoats contacted Elva with the very first positive news she had heard in months as the lender lastly agreed to settle the prolonged ordeal. The settlement not only took care of Mrs. Loera’s back payments and penalties, it supplied her with a completely amortized, 30 year, fixed rate mortgage at 3.689%, down from her original price of 7.676%. This massive payment reduction supplied a extended-term solution to her money flow difficulty and new the peace of thoughts that had eluded her for virtually one year. Nowadays, Elva has a new effective company and when once more resides in her beloved house with her family members. “I can sleep once more, and I in no way take anything for granted. I will forever be grateful to Joseph Hoats for saving my residence. He is not just my lawyer, he is my friend.”

Hoats commented, “Elva is not unlike our typical client who has knowledgeable some economic hardshipa job loss, income reduction, divorce or medical dilemma that tends to make it difficult to spend the monthly mortgage payment. Like Elva, these are good, hard-operating, family members-oriented Americans who have fallen on hard occasions, by way of no fault of their own, and they need to have compassion, aid, and a legal game program to save their home.”

Although Elva’s story has a satisfied ending, millions of Americans continue to be ignored by their lenders and the Federal Government as foreclosures continue to rise. Hoats concludes, “Without having experienced legal representation that has deep operating relationships with important lenders, buyers will continue to fail in their efforts to personally facilitate a productive Loan Modification. At Homeowner Stability, it is all about our clientwe are focused on lasting solutions that are in the ideal interest of the customer, not just the lender’s very best interest.”

About Joseph Hoats:
With more than 20 years of encounter as an Attorney, Joseph Hoats has worked for the rights of the customer all through his career. Functioning together, his team of committed experts has perfected the Loan Modification method with the introduction of their proprietary Homeowner Stability Solutiona systematic method accountable for maintaining hundreds of distressed Homeowners in their residences and avoiding foreclosure.

Joe is a graduate of Vanderbilt University and has practiced law for over two decades. He has litigated in the regions of Real Estate Law, Bankruptcy Law, Foreclosure and Loan Modification, Trust Law, Probate Law, Company Law and has in depth experience with Litigation in State and Federal Courts. He is an active member in great standing with the State Bar of California, State Bar #141599.

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