On Jan 6, 2011, at 10:33 AM, Joseph Manning wrote: My clients came to me in July 2009 with an unaffordable mortgage (first mortgage with B of A and second with Flagstar) and I took on their litigation and court supervised settlement conference negotiations. We went back and forth with B of A for more than a year without anything to show for it…. but we did not give up… and neither did the client. Then, the second trust deed holder, Flagstar, decided to file suit and get a judgment and then collect through bank levy or garnishment. But we saw them coming a mile away. You see under the “One Action” rule in California, once Flagstar got a judgment, the Deed of Trust securing its debt would effectively go away allowing a complete discharge of the once secured debt in a chapter 7 bankruptcy. When we saw this opening we qualified the client for a chapter 7, and they passed the test. So, we advised the client to be ready and we monitored the Flagstar case. Once the judgment was entered (immediately) we filed the Chapter 7 for the client.
Simultaneously, B of A advised we had FINALLY gotten approval of the loan litigation (their interest rate went from 7.25% to 2% fixed for five years, after that initial five year period the interest rate will increase by 1% for three years and remain fixed at 4.5% for the life of the loan), NO second and NO credit card debt. Not a bad year for this client of the Manning Law Office. I think the moral of the story here is that while this result is certainly not typical, with sustained effort and expertise, exceptional results are attainable.
More Results
On April 20, 2011, Joseph Manning went into the Orange County Superior Court and obtained a court order temporarily restraining the sale of a client’s home against the lender ONE WEST/INDY MAC MORTGAGE.
On April 14, 2011, Joseph Manning went into the Orange County Superior Court and obtained a court order temporarily restraining the sale of a client’s home against the lender CENLAR FSB.
On April 13, 2011, Joseph Manning went into court at the Los Angeles Superior Court and obtained a court order temporarily restraining the sale of a client’s home against the Lender CHASE HOME FINANCE.
On February 14, 2011 we obtained a court order temporarily restraining the sale of a client’s home against JP MORGAN CHASE, client will now get their day in court where they can attend a mandatory settlement conference, MSC, at which they will have the full attention of the court and their lender.
On February 9th and 22nd we obtained a two court orders temporarily restraining the sale of two different clients’ homes both against WELLS FARGO HOME MORTGAGE, both clients will now get their day in court where they can attend a mandatory settlement conference, MSC , at which each will have the full attention of the court and their lender.
Disclaimer – Any example or case result discussed in this letter may be based on an actual case result and as such represents only the result of that particular case. No example or case result shall constitute, in any case, a guarantee, warranty or prediction of the outcome in any matter. Visit ManningLoanLaw.com/BillofRights.html for voluntary consumer disclosures regarding litigation and court supervised settlement conference services. Manning Law Office is not affiliated with any Lender/Servicer/Trustee/Investor. We are a debt relief agency. We help people file for relief under the Bankruptcy Code.