Attention: Georgia Customers with Mobile Homes Financed through Greentree and Vanderbilt – We Can Help Modify your Loan!

If you have a mobile home, or manufactured home, financed through GreenTree (Green Tree) or Vanderbilt, here’s some information the customer service department won’t tell you.

If you purchased your mobile home more than 1 year ago, and didn’t finance the land with it, you ere entitled to use FEDERAL LAWS to lower your balance and shorten the duration of your loan!  Even if the lender won’t offer you a loan modification, WE CAN HELP you modify your loan.

Let me give you an example.

You purchased your mobile home through GreenTree, on the following terms: $50,000 financed in September, 2011, at 8.5% APR over 20 years.  Here is a summary of your loan payments and duration:

Loan Summary

$433.91

Monthly Principal & Interest

$104,138.79

Total of 240 Payments

$54,138.79

Total Interest Paid

Sep, 2031

Pay-off Date

Now, assume you come to Perrotta, Cahn & Prieto, P.C.  We have an expert appraiser go to your home and inspect it.  The appraised value of the home, due to depreciation and the economy, is only $14,000.00.  We can modify the loan for you in a chapter 13 plan.  Here’s what your new loan terms look like:

Loan Summary

$270.66

Monthly Principal & Interest

$16,239.55

Total of 60 Payments

$2,239.55

Total Interest Paid

Sep, 2016

Pay-off Date

The payment is almost half as much.  The term is FIFTEEN (15) YEARS SHORTHER, and you save $87,900 over time.

Many attorneys, even bankruptcy attorneys, aren’t aware of this law.  We are.  We know how to help.  Cases can be filed for only $344 or less.

For a free consultation, contact our office today.

Brian R. Cahn

Perrotta, Cahn & Prieto, P.C.

www.PerrottaLaw.com

www.NorthGaBankruptcy.com

Cartersville | Dallas | Calhoun | Dalton | Atlanta

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Posted on October 7, 2011, in Bankruptcy and tagged , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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