Social Democracia Law

posted by admin on May 26

Feldman Law Center – News by Feldman Law Center — Unfortunately, California homeowners are being overwhelmed by foreclosures, and many people feel there is no end in sight to the situation.   Legislation from California and the federal government has helped some people, but it is not enough.   Loan modification attorneys are working with people everyday who either do not have access to the right information, or who feel left to deal with lenders all by themselves.   While the legislation can be helpful, President Obama and the California legislature are not there to help make phone calls and negotiate loan modifications.

Foreclosure sales in California rose about 32 percent in the month of May of 2009, and 35 percent in April of 2009.   Just the California foreclosures from the month of May represent more than $8 billion in total loan value.   That means $8 billion worth of homes were foreclosed upon.   However, the good news is that lenders continue to voluntarily postpone the majority of foreclosure sales.     Lenders, such as banks and mortgage companies, are doing everything possible to delay foreclosures, and that includes working with California loan modification attorneys and homeowners on loan modifications.

In fact, of the foreclosures scheduled, lenders postponed 40 percent at their own request and another 33 percent at the mutual request of the lender and the borrower.   This means that lenders are absolutely willing to renegotiate the terms of mortgages, and homeowners who are in danger of (or are in the midst of) foreclosure proceedings still have hope.   Foreclosures often seem like the end of the world, and even with the new legislation, they can be overwhelming.   However, as evidenced by these statistics, lenders are not interested in taking over your home.   The Feldman Law Center has seen lenders take unique steps to negotiate with borrowers and homeowners in an attempt to keep the homeowner in their home, making affordable payments.

Things are particularly tough for homeowners in southern California.   Researchers from Columbia Business School said that over 30 percent of borrowers in San Diego and San Bernardino counties owe more than the refinancing limit with Sallie Mae and Freddie Mac.   In Los Angeles county, there are 29 percent of borrowers who do not qualify for refinancing because of the less-than-5-percent restriction from those two major mortgage lenders.

However, loan modification attorneys can help homeowners and borrowers overcome these restrictions.   Foreclosures seem to run up on people quicker than they think, in part because they are focusing on their immediate crisis (such as paying a car loan) and not the looming one of foreclosure.   However, it is never too late to contact a California loan modification attorney to help you keep your home and avoid foreclosure.   A qualified California loan modification attorney will know the laws, know the lenders, know the mortgage companies and be able to offer quality advice on a variety of subjects.   Trying to fight a foreclosure without a qualified loan modification attorney is a bad idea.

Visit us at www. feldmanlawcenter. com or call 800-588-0425.

posted by admin on May 16

When you buy a car, you never think it is going to be a lemon. However, sometimes you face a lot of problems after your purchase.

A lot of used car owners or people who are planning to buy a used car are asking whether the California Lemon Law can help them protect their rights or not in case the vehicle turns out to be defective.

The California Lemon Law provisions apply to new vehicles. However used cars that are under express written warranty can qualify as well. Therefore some general rules may apply to motorcycles, motor homes, used vehicles sold under the dealer’s express written warranty, “lemon” vehicles repurchased by the manufacturer and sold to consumers, and vehicles sold with a service contract.

According to California law, the first time that a lemon vehicle is resold, it must have a one-year factory warranty. The law requires as well that the car has a “lemon law buyback” title and a “lemon” sticker on the door jamb. The cars cannot be sold “as is”. In case you were sold a lemon illegally “as is”, you still have rights under the California Lemon Law.

The law covers cars that were purchased for personal, family or household but not commercial use.

If you think you were sold a lemon vehicle, do not hesitate to contact our law firm specializing in California Lemon Law. We offer our services in Los Angeles area, Sherman Oaks, Glendale and Burbank. To have your case evaluated for free, call us toll free 866. 975. 3666.

We would be happy to share our expertise in California Lemon Law and help you obtain your rights.