CDA Law Center (CDALC) is nationally recognized by non-profit Homeowner Advocates as one of the most trusted firms in the country for helping consumers through their Loan Modification process. With over four years of foreclosure prevention related experience, and over 3,500 successful modifications negotiated, you can feel confident that our experienced case managers, analysts, underwriters, and attorneys will work diligently on your case. Our commitment is to provide you with honest and ethical advice, and to help you make an informed decision regarding your loan modification needs. Our ethical standards prohibit us from accepting clients unless they have a demonstrable financial hardship, have capacity to make a modified payment, and we believe you meet the Net Present Value criteria required for a loan modification.
At CDALC, we understand how the uncertainty of the loan modification process can be stressful, as the outcome of any negotiation is uncertain. Anyone, including attorneys, who tell you otherwise or guarantees specific results should be scrutinized carefully. We pride ourselves on our tremendous knowledge and our ability to guide our clients through the process, we perform each and every service we contract with you to perform, under the supervision and direction of our attorneys. To help us determine whether you potentially qualify for modification, we first gather your detailed financial information and conduct a free, no obligation financial analysis and initial consultation. Based on this preliminary information, we determine whether it is likely you will qualify for a loan modification from a financial perspective and relay to you what your modification terms may look like upon lender/servicer approval. We base our decision from our extensive experience in working with the various government and non-government programs offered by the various Lenders and Servicers. If we believe you do not have a case for modification, we will tell you why. We can help with loans owned by both private investors and the GSE's (Fannie Mae and Freddie Mac), and primary residences, investment properties, and commercial real estate.
Despite the availability of government programs such as Making Home Affordable (HAMP), your lender/servicer believes that a loan modification is a "hardship program", not a "right". As such, we are seeking voluntary concessions from your lender/servicer. The decision to provide you financial relief rests solely in the hands of your lender/servicer, and is often predicated on the outcome of a Net Present Value (NPV) analysis. To learn more about qualifying for a loan modification using Net Present Value, feel free to call or view the “REST Report” page on the top nav-bar. Properly preparing your lender package so it fits within lender modification guidelines is a critical component for success during the modification process. CDALC provides the experience and expertise to navigate this process to significantly improve your chances for success.
During his 33 years as a California licensed attorney, Mr. Robert G. Scurrah has negotiated and resolved disputes on behalf of consumers and businesses alike. Mr. Scurrah, along with our other fine attorneys at CDALC, personally perform work on every loan modification case and prepare most every document we submit to your lender. Our attorneys are happy to meet or speak with you at any time either before or during your case at our San Clemente offices. Please contact CDALC to schedule an appointment and/or free consultation.
We do not offer “Forensic Predatory Loan audits", "Securitization Audits", or other products that have no value. Please be wary of anyone offering you these, specifically if not from a law firm. These audits are part of a fraud warning issued by California’s Attorney’s General, and you should beware of false claims, and at least in California, Judges have not been receptive to these lawsuits without significant extenuating circumstances. Most lawsuits are lengthy, costly, and ultimately result in a loan modification. The statute of limitations on Predatory Lending cases expire three (3) years after the loan was originated, except in rare circumstances. However, opportunities may exist to litigate and challenge the bank regarding abuses in the loan modification process.
CDALC offers the official R.E.S.T. Report. The R.E.S.T. Report is run on an enterprise level banking software platform developed, for lenders and servicers to determine the Net Present Value (NPV) of your loan using the latest HAMP NPV analytics, a critical component in achieving a loan modification. NPV determines whether your lender makes more money modifying your loan, or foreclosing on your home, and the Pooling and Servicing Agreement (PSA) between your investor and servicer typically requires them to modify the loan if it is in the best financial interest of your investor. CDALC is one of only a handful of firms in the country who have access to this lender and servicer software platform. There are also numerous internal modification programs which vary by lender if you do not qualify for HAMP. See the tab on this page for more information on the R.E.S.T. Report.
CDALC's experience and understanding guides us through the lender barriers to success. Moreover, you are being represented by attorneys who are bound by a high level of ethics and professional responsibility to our clients. As such, CDALC is obligated to inform you that you can communicate directly with your lender/servicer to obtain a loan modification. Please understand that almost all of our clients have tried and failed on their own to negotiate acceptable loan modification terms with their lender/servicer. In our experience, a majority of these clients failed because they do not have the underwriting or legal background to adequately analyze and negotiate their case. Despite these previous failures by our clients, CDALC is usually able to achieve a modification once we rework the case. We have worked with all of the major lenders and servicers and understand how to navigate the often complex and frustrating path to a modification. No two cases are the same. As such, CDALC cannot guarantee a specific outcome for any case. Obtaining a concession from a lender/servicer/investor requires an experienced eye and an understanding of the qualifying conditions of every program. Our attorneys and legal staff will work directly with the Legal Department, Executive Resolution, 3rd party Attorneys, or the Loss Mitigation Departments of your lender/servicer as required.
Act with confidence because you are dealing with highly recommended and reputable attorneys who are ethically bound to fight for your rights and who will protect your best interests. We may be able to help you prevent foreclosure, prevent Bankruptcy, stop your rate from adjusting, and lower your payments. Be sure to review our client testimonials and hear from people who took a leap of faith and gave us a chance! CDALC is compliant with every State and Federal Law, including CA SB-94 and its related Civil Codes, as well as the FTC Final Rule regarding MARS service providers. We welcome all inquiries regarding our legal compliance.
