Mesa Law Group Partners With Investors Finance Inc. to Offer Robust Alternative to Loan Modification

COSTA MESA, Calif., May 10 /PRNewswire/ -- Mesa Law Group, an innovative California-based law firm with specialty financial services has partnered with Investors Finance Inc. to provide the firm's Home Owner Mortgage Restructuring (HOMR™) program. Designed to help home owners impacted from the recession, Mesa Law Group is offering this private equity product in order to work directly with the investor or bank servicer to purchase the non-performing note.

Recognizing that loan modifications may not be the best for all homeowners and that lenders are not doing enough modifications to keep up with flood of homeowners who have trouble paying their mortgages, Mesa Law Group's new product gives their clients an option with total debt reorganization. Through this private equity program the homeowner's first mortgage is purchased at a discount and the second mortgage and other debt are reduced or removed in a debt overhaul. By eliminating the second lien through Chapter 13 bankruptcy and including any outstanding credit card debt, the HOMR program purchases the old mortgage from the original lender at pennies on the dollar to close out all unsecured obligations and create a new mortgage the homeowner can afford.  

A strong alternative to loan modification, HOMR reduces principal balance and especially helps those in risk of losing their home. The program specifically serves those with non-performing subprime, negative amortization, pay option ARMs, bank portfolio product, or non-converted construction loans. While the results can not be guaranteed to help all homeowners because the final decision rests with the lender, Mesa Law Group provides insight and expertise to help homeowners with this comprehensive mortgage restructuring program.

While loan modifications do reduce interest rates for a few years, they do not reduce principal and the mortgage value is often higher than the value of the home. The benefit of HOMR is that the homeowner remains on title throughout the process and the mortgage better reflects the current market value of the home. HOMR offers a 30 year fixed fully amortized rate through private lenders at 5.50% above Wall Street Prime Fixed without balloon payment or prepayment penalty and no fees to the borrower at closing. Homeowners who wish to learn more directly can do so at http://mesalawgroup.com/applynow/form.html.

"Mesa Law Group takes pride in providing expert analysis and a wide array of financial solutions and HOMR adds a powerful option in serving homeowners. Modifications are typically a short term solution that causes most individuals to default again.  In contrast, a comprehensive debt reorganization could save homeowners thousands of dollars more and by adding HOMR to our tool kit, Mesa gives clients a whole new option to overhaul their debt portfolio," said Tazwell Randall, VP of Client relations at Mesa Law Group.

About Mesa Law Group

Mesa Law Group is a legal corporation providing specialty financial services. Mesa helps borrowers navigate bankruptcy, homeowners avoid foreclosure, and protects those in need of legal representation. An innovator in the industry, the company has developed unique tools like the Compliance Assistance Program that empower clients. Providing detailed financial analysis backed by legal counsel, Mesa Law group applies traditional and more contemporary options such as Bankruptcy Protection, Debt Restructuring, and Lien Elimination to find the best solution for each client.

For more information visit our website: www.mesalawgroup.com

SOURCE Mesa Law Group

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