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