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Review 2/23/2011
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The services we received from Mesa Law Group and Denny Lake in particular were outstanding.
We had a really bad negative amortization loan with Bank of America that was over a million dollars and growing with every payment even though the value of our home was decreasing, as was our income during the recession. Our payments were based upon an interest rate of 3.9%, but actual interest was accruing at over 8%, and we could not refi into a better loan because the value of our home had decreased so much. We first applied on our own for a loan mod with B of A in December of 2008 and later worked with two different law firms and made a total of seven submittals to B of A with out success. B of A would always manage to lose the paperwork in the process after being told we were close to getting an offer. My wife and I assumed we would lose our home once the payment adjusted to an amortizing payment, doubling our minimum payment.
Then I was introduced to Denny Lake in August of 2010 at Mesa Law Group by Bobby Foster, a friend of mine that had recently joined Mesa Law Group. Denny outlined his "Advocacy Program" to my wife and me and provided us with hope that we would be able keep our home. We signed up for the program. Jonathon Bourquardez was assigned by Mesa Law Group as our negotiator with the Bank of America. The Mesa Law Group team of Denny Lake, Jonathon Bourquardez, and Bobby Foster did a superior job that resulted in the permanent modification of our loan in January 2011. The loan now has a fixed interest rate of 2% for the next 5 years, then gradually inches up to 5.375 by year 9 and stays at that level until the loan is paid off.
Thank-you so much Denny, Jonathon, and Bobby
Sincerely
Greg & Mary Jane
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