Case Study

CASE STUDY

Want to know what we can do for you? Here are a few case studies of very typical situations and how we were able to help.

CASE STUDY #1

Client Profile:
Client was a family doctor. He was having trouble keeping up with his mortgage payments and came to our office for help.

Debt:
Mortgage Balance :      $1.1 M @ 8.7% , appraised 615k at time of case

Restructured Debt:
We were able to forbear $485,000 (No interest, No payments – 50 yrs)
Bal $615,000 @ 1% over 100 yr term
Payment reduced from $8900 to $1200/ month

Negotiation Timeline and Cost:
Closed in 4 months
Retainer paid $9,300

Overall Debt Eliminated:
Reduced payment by $7,700 per month
Reduced interest rate by 7.7%

CASE STUDY #2

Client Profile:
Client is a single, middle-aged man. He was struggling with credit card payments and needed help quick.

Debt:

Credit Card Balance: $ 200,000 (10 cards)

Restructured Debt:

We negotiated the debts down to $40,000 total.

Negotiation Timeline and Cost:

12 months
Retainer paid $40K (Quarterly payments)

Overall Debt Eliminated:
$160,000 – 40,000 = $120,000 plus interest
Original Debt – Retainer = Debt Eliminated

CASE STUDY #3

Client Profile:
Client is a single man. He was due to have his home foreclosure go through on March 10th, 2012 and came to our office at 2 pm on March 9th.

Debt:

Mortgage: FORECLOSURE

Restructured Debt:

We were able to stop the foreclosure in less then 24 hours.

Negotiation Timeline and Cost:

1 day
Retainer paid $2,500

Overall Debt Eliminated:
NO FORECLOSURE ON HOME