SOURCE: Nonprofit Alliance of Consumer Advocates

Nonprofit Alliance of Consumer Advocates

April 11, 2013 00:01 ET

Nonprofit Alliance of Consumer Advocates a Division of Serve All Help All (SAHA) Teams Up With Attorney John E. Mortimer's Consumer Defense Law Group to Win a $207,811.65 Principal Reduction for a Homeowner Who Was Days Away From Foreclosure

COSTA MESA, CA--(Marketwired - Apr 11, 2013) - Mr. & Mrs. Dimitroff were 36 months behind on their Mortgage while attempting to get the help they so desperately needed from their bank for over 2 1/2 years. Dealing directly with their lender themselves, then with loan modification companies and finally going to several Attorneys; all were equally unsuccessful leaving the Dimitroff's to face foreclosure on 01/04/2013.

The Dimitroff's went to Nonprofit Alliance of Consumer Advocates just a few days before Christmas of 2012. They were distraught expecting their last holidays in their home.

Their SAHA Counselor listened to their story while reviewing their financial profile. It was apparent that the homeowners not only should've been able to retain their home, but they actually appeared eligible for one of several programs specifically meant to keep homeowners like them in their home's instead of being foreclosed upon by lenders.

Mr. Dimitroff was doubtful there was anything that could be done at this point, both because of the failed attempts over the 2 1/2 years as well as having two major holidays before the 01/04 Sale date. Fortunately for Dimitroff's, the Nonprofit Alliance of Consumer Advocates worked closely with knowledgeable and proficient Multi State Licensed Attorneys. The Dimitroff file was immediately recommended to be reviewed by Attorney John E. Mortimer; Managing Attorney of the Consumer Defense Law Group. A Lender Lawsuit was filed by Attorney John E Mortimer in the Superior Court.

The Sale was postponed through the efforts of SAHA and Mr. John Mortimer's Consumer Defense Law Group's staff; giving the homeowners some peace of mind thru the holidays. On the 29th of March Dimitroff's received an approved Loan Modification Settlement. Their interest only payment of $ 4,563.00 was reduced down to $ 2,730.08 including Principle, Interest, Taxes and insurance. They also received a permanent principle reduction of $ 207,811.65. The reduction of $ 1,824.92 a month translates into a total savings of $656,971.20 over the term of their new loan.

SAHA helps homeowners in distress to achieve loan modifications or other such relief at no charge or cost to the Homeowner.

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