Better Life America Restores Dream of Homeownership When Banks Refuse to Help
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OCEANSIDE, Calif., April 20 /PRNewswire/ -- Betsy Sullivan's home in
Montgomery, N.Y. had been on the market for over two years. She had originally
listed the seven-bedroom, four-bathroom home with an apartment for $575,000;
after two years without a sale, Sullivan dropped the price to $439,000. Even
then, she couldn't sell the house -- and the apartment wasn't even renting.
Falling farther behind in her mortgage payments and unable to cut her losses
through a sale, Sullivan turned to her mortgage company for help. But, as
people across the country are finding out, mortgage loan servicers are proving
unwilling to work with distressed homeowners. Sullivan's mortgage company was
no different, dismissing her pleas for help and imposing more late fees.
"I was hoping for a forbearance, a payment adjustment, anything so I would not
lose my house. Our home was the safety net for my daughters and me," Sullivan
stated. "But the mortgage company wouldn't give me the time of day, let alone
help me out. I didn't know where to turn."
Dismayed and believing she had no options left, Sullivan began looking into
bankruptcy, until by chance a friend's brother connected her with Better Life
America (http://www.betterlifeamerica.com). The company provides immediate,
legal loan modification services to homeowners facing foreclosure. In most
cases, Better Life America clients are people like Sullivan who have already
turned to their mortgage companies for help -- and run headlong into brick
walls.
By the time Sullivan came to Better Life America, she was over 20 months
behind in her mortgage payments and $70,000 in arrears, and her home was
already scheduled to be sold on the courthouse steps. It seemed like a
hopeless situation.
But even at that point of extreme hardship, Better Life America was able to
negotiate with the lender on Sullivan's behalf. The beleaguered homeowner, who
had been paying 9.05% interest, ended up with a fixed rate of 4.5%; the
$70,000 in late payments and fees was tacked onto the back of her loan so she
could become current on her payments and move forward with a clean slate.
"I think it is despicable that my own mortgage company couldn't be bothered to
help me," Sullivan reflected. "Better Life America truly came to my defense.
They have stayed by my side and helped me through every critical and
painstaking part of the process. They helped me help myself and gave me
renewed hope for a brighter tomorrow."
About The Better Life Group
The Better Life Group strives to help clients navigate credit and mortgage
difficulties with relative ease and provides the legal resources needed to
represent clients' interests in the most thorough, professional manner.
Through the company's partners, it offers a wide array of mortgage, real
estate and financial services. To learn more, visit Better Life America at
http://www.betterlifeamerica.com.
Contact:
Matt Smith
Media Relations, Better Life
760-543-0219
matt@betterlifeamerica.com
http://www.betterlifeamerica.com
This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.
SOURCE Better Life
Matt Smith, Media Relations of Better Life, +1-760-543-0219,
matt@betterlifeamerica.com
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