Promises of hope turn to more distress. Sad story!
About 25% of home owners in Utah are under water or near under water. So when a lawyer arrives on the scene crying foul play, many listen. Some undoubtely think to themselves, "This lawyer must know what he's talking about, afterall he's still working while many of the rest of us have lost our jobs." Not realizing that this lawyers work is contingent on their involvement in his 'rescue' plan.
The lawyer made the case that he could free these under water home owners from their obligation to the bank. All they had to do was pay him to file the claim, instead of paying the bank. So the lawyer collects their money, the distressed home owners fall further behind, and for what? At the conclusion of the trial the home owners are worse off than before.
If you are under water on your home and can no longer make payments, contact me so we can discuss your real options. There are programs in place to help with your situation, but you must be careful because there are some scary scams out there. So make sure you talk to a reputable real estate professional about your situation.
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