LOS ANGELES, Oct. 14, 2009 — Home Ownership Protection Experts, Inc. (H.O.P.E.) finds itself having a Forrest Gump moment as up-front fee attorneys and modification companies across the state scramble to adjust to the new reality.
Signed into law on October 12, the bill SB 94 attempts to reduce the amount of fraudulent activity in the industry and prevent the fleecing of homeowners in dire situations by firms that take their money and often produce no results. The bill went into effect upon signing, making it illegal to charge for, or collect any up-front fees, to restructure a home mortgage.
H.O.P.E. was already ahead of the curve by offering its services to homeowners on a ZERO up-front fee structure.
Bucking the trend in an industry with an unsavory reputation, H.O.P.E. puts its clients’ interests ahead of short-term profits by holding itself to a higher standard. Consumers should recognize that not all loan modification companies lack integrity. H.O.P.E. is willing to wait and get paid only upon providing an affordable modification to the loan. That is the old-fashioned way of doing business and Home Ownership Protection Experts, Inc. is a leader in that area.
Many bankers have stated that up to 55% of homeowners who are 60 days late on their mortgage don’t respond at all to the bank’s attempts to communicate with them. H.O.P.E. is bridging that gap by giving an honest evaluation of each family’s situation and negotiating a new affordable payment with their lender, without the conflict of looking for payment before success is assured.
Working from their offices near downtown Los Angeles, the mortgage professionals of Home Ownership Protection Experts have a combined 75 years of experience in mortgage lending and restructuring and have helped thousands of people both attain and maintain the American dream of homeownership.
Contact:
Denis Hann
Director of Public Relations
Phone: (888) 809-0909 X 105
email: dh@homehope.org
Website: http://www.homehope.org
Please note that Home Ownership Protection Experts, Inc. is not affiliated with the non-profit HOPENOW.
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