Bank of America Department of Justice DOJ Loan Modification Obtained for Homeowner Located in Oceanside, CA

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The Law Offices of Michael Gaddis recently obtained a trial Department of Justice DOJ loan modification from Bank of America for a homeowner located in Oceanside, CA.  The DOJ loan modification provides for a potential principal reduction of $227,196.78 contingent upon successful completion of the DOJ loan modification trial period.  The trial documents also state that the initial interest rate for the final DOJ loan modification will be 2.75%.  The trial payment of $2,141.36 represents a nearly $300 a month reduction from what the homeowner was paying prior to becoming delinquent.  The first trial payment is due April 1, 2013 and concludes on June 1, 2013.

As is typical, the homeowner came to Michael Gaddis after attempting to modify several times either on her own or through other attorneys/loan modification companies.  The DOJ loan modification process is not easy and too many homeowners put their faith into people and entities that only put them into a worse position.  Michael Gaddis sees it all of the time.  Unfortunately many people do not hear about or find Michael Gaddis until close to the end.  Michael Gaddis represents their last hope.

If you are attempting to qualify for a DOJ loan modification or have been recently denied a DOJ loan modification it would be prudent to contact Michael Gaddis as soon as possible to schedule a free consultation to discuss your situation.  The homeowner in this case told Michael Gaddis that she wished she had found him sooner because she could have avoided so much stress and so many sleepless nights.

As Always, Michael Gaddis and his staff will continue to monitor the trial DOJ loan modification in order to ensure that a final DOJ loan modification is obtained from Bank of America.  To view a copy of this trial DOJ loan modification as well as other successful loan modifications procured by Michael Gaddis please click the following links: http://californialoanmodificationattorney.com/trials-modifications/ and http://californialoanmodificationattorney.com/trials-modifications/approved-trials-modifications-pg-2/