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Loan Modification
Our services require no fees or any payment, unless we obtain a suitable change in the terms of a clients mortgage obligation.
Walk away programs: In the case where a client simply wants to walk away from their home, our fees are based on one-half of any moneys realized from the ultimate sale of the home, after we deduct our out of pocket expenses, such as payment of utilities, liens and taxes necessary to preserve the home.
Stay in home programs: In the case where a client wants to stay in his or her home, our fees are equal to twenty percent of the negotiated discount, and this fee is payable over a ten year period with interest at five percent per annum. There is no prepayment penalty for our fee account if the home is sold.
Call us: 213-321-9858 or http://www.fjkassociates.com
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