Attorney Loan Modification Agreement by bmc11955

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									                    LAW OFFICES OF WENDELL J. JONES
                         2409 QUANTICO COURT
                      SAN JOSE, CALIFORNIA 95128
                       TELEPHONE (408) 938-0980
                 WENDELL@MODIFICATIONLAWYER.NET

                      ATTORNEY-CLIENT
              MORTGAGE LOAN MODIFICATION APPLICATION
                    RETAINER AGREEMENT

      This RETAINER AGREEMENT (“Contract”) is entered into by and
between                (“Client”) and Wendell J. Jones (“the Attorney).

        This Agreement will not take effect, and the Attorney will have no
obligation to provide legal services, until Client returns a signed copy of this
Agreement;

        Client hires the Attorney to negotiate with their current lenders on real
estate to restructure the current debt in a way that will allow Client to achieve and
maintain financial stability;

       WHERAS Client understands and hereby acknowledges that legal services
provided by the Attorney are not guaranteed, no particular result has been
promised or guaranteed, no prediction of result has been made;

       Client declares that due to financial hardship, Client is not able to continue
paying their monthly mortgage obligations to their home mortgage lender or
mortgage loan servicer due to the terms of their Promissory Note. Client further
declares that, to the best of their knowledge and belief, the principal amount due
under the cited Promissory Note exceeds the value of the property.

      NOW THEREFORE in consideration of the foregoing and every term,
covenant and condition hereafter set forth, Attorney, and Client do hereby
covenant and agree as follows:

       Services. Attorney will initiate the mortgage loan modification
application for Client’s current home mortgage lender or mortgage loan servicer,
as may be appropriate.

        Provide Complete and Truthful Information. Client shall provide Attorney
in a timely fashion all information requested by Attorney reasonably necessary for
Attorney to perform the Services. Failure by Client to provide Attorney all
information so requested within 30 day’s execution hereof shall constitute a
waiver by Attorney of any obligation for performance hereunder. Client
expressly represents and warrants to Attorney that he/she/they will at all material
times, provide Attorney with information that is accurate and true to the best of

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their knowledge and belief. Client hereby agrees to defend and hold harmless
Attorney from and against any liability of any nature whatsoever arising out of or
in connection with Client’s breach, in whole or in part, of the representations and
warranties herein contained.

        Client Duties. Client shall provide Attorney true, correct, and complete
information of their personal and financial documents. Clients have made no
misrepresentation nor have they omitted any pertinent information in their
application or other documents supplied to Attorney. Client’s shall cooperate,
assist and provide Attorney information on subsequent developments which may
come to Client’s attention.

        Fees. Attorney shall collect upon execution of this Agreement certified
funds or a bank check in the amount of three thousand five hundred dollars
($3,500.00). Attorney will invest time processing and arranging Client’s
application to their respective home mortgage lender or mortgage loan servicer so
Attorney will incur various costs and expenses in performing such services under
this Agreement, which commonly include, but are not limited to, reproduction
costs and services, messenger/ courier deliveries, broker fees, postage, long-
distance, phone costs, and other office clerical costs.

        Termination/Refunds. This Agreement may be terminated by Attorney or
Client at any time, upon written notice to either party. In that event, the Attorney
shall:

        Reimburse the Client three thousand dollars ($3000.00) collected from the
Client provided that the mortgage loan modification application has NOT yet
received written approval from the Client’s home mortgage lender or its mortgage
loan servicer; or within fourteen (14) days from the receipt of the Client’s
complete application and financial documents, should the Attorney determine that
the Client may not qualify for the home mortgage loan modification as requested;

         In the event that the Attorney or Client receive a written approval of the
mortgage loan modification application, the Client’s are not entitled to any refund
of fees paid to Attorney as Attorney will have completed their service under this
Agreement. For the purposes of this agreement, a loan modification, includes, but
is not limited to, the following:

           •   Lower monthly payment
           •   Lower interest rate
           •   Extended fixed period
           •   Reduction in Principal
           •   Forbearance Agreement
           •   Conversion of adjustable rate to fixed rate
           •   Short sale agreement
           •   Deed-in-lieu of foreclosure

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        Discharge and Withdrawal. Client may discharge the Attorney at any
time. The Attorney may withdraw with Client’s consent or for good cause. Good
cause includes Client’s breach of this Contract, Client’s refusal to cooperate with
the Attorney or to follow the Attorney’s advice on a material matter or any other
fact or circumstance that would render the Attorney’s continuing representation
unlawful or unethical.

       Additional Services. If additional services are necessary in connection
with Client’s claims and Client requests Attorney to perform such services, an
additional fee arrangement must be made between Attorney and Client in writing.

        Arbitration: Any controversy or claim arising out of or relating to this
Agreement, or the breach thereof, shall be settled by arbitration pursuant tothe
Rules of the American Arbitration Association, and judgment upon the award
rendered by the Arbitrator(s) may be entered in any court having jurisdiction
thereof. The prevailing party shall be additionally entitled to its reasonable
attorney fees and costs.

       Choice of Law. Any disputes over this Agreement are to be governed by
California law.

        Merger. This is the sole and only Agreement between the parties. Any
prior discussions, negotiations, or understandings between the parties have been
contemplated by this Agreement and are hereby extinguished.

       Stand Alone. Should any court of proper jurisdiction determine that any
individual paragraph in this Agreement is void or otherwise unenforceable, that
finding shall have no effect upon the validity of any other paragraph, which shall
remain intact with their full force and effect.

     DISCLAIMER. RESULTS ARE NOT AND CANNOT BE
GUARANTEED BY ATTORNEY OR ANY OTHER PARTY WITH
RESPECT TO CLIENT’S OBTAINING LOAN MODIFICATION RELIEF
FROM THEIR RESPECTIVE LENDER. LENDERS VARY IN THEIR
RESOURCES AND RESPONSIVENESS TO THIS PROGRAM. THE LAW
DOES NOT EXPLICITLY REQUIRE THEIR COOPERATION.




                                                                                   Page 3 of 4
“The Attorney”

Wendell J. Jones

By:



“Client”



By:

Date:




                   Page 4 of 4
                             INFORMATION REQUIRED 
        
       In order to process your request for a loan modification, I will need the 
following documentation: 
 
1.     Hardship Letter:  Your lender wants to know what the problem was that 
caused the delinquency, and how you have solved or intend to solve the problem.  In 
other words, tell what caused the problem and why it won’t happen again.  It should 
be as detailed as possible.  I can help you if you’d like. 
 
2.     3rd Party Authorization to Represent form(s) for each lender.  Be sure to 
give me complete information about your lender(s).  For example, copies of 
correspondence you received, address, phone number and name of any individual 
with whom you have discussed this matter. 
 
3.     Current Financial Statement Form:  A completed Current Financial 
Statement Form including Monthly Income and Expense Forms (attached). 
 
4.     Bank Statements:  Copies of all bank statements for the last three months. 
 
5.     Pay Stubs:  Copies of your last two paycheck stubs.  If you are self‐employed 
include a profit and loss statement for the last six months and bank statements for 
your business accounts for the last six months.  If you have rented a room(s) in your 
home the lender may require a rental agreement. 
 
6.     Other Income:  Verification of any other source of income.  Example:  Rental 
agreements, Social Security benefit statements and so forth. 
 
7.     Retainer Agreement:  A signed Retainer Agreement. 
 
 
Please complete and mail the above items to: 
 
Law Offices of Wendell J. Jones 
2409 Quantico Court 
San Jose, CA 95128 
Or Fax to: (408) 904‐4513   
 
                  THIRD PARTY AUTHORIZATION TO REPRESENT 
                          AND AGREEMENT TO RELEASE 

                                                
DATE:                                
 
LENDER:                                                   LOAN NUMBER:                          
 
 
NAME:                                                     SOCIAL SECURITY #:                    
 
NAME:                                                     SOCIAL SECURITY #:                    
 
PROPERTY ADDRESS:                                  
 
                                                   
 
                                                   
 
PHONE:                                             
 
       For the purpose of assisting in pursuing and negotiating a loan modification, I/We 
do hereby authorize                        (lender) to release or otherwise provide to   
Wendell J. Jones of: 
 
 
Law Office of Wendell J. Jones 
2409 Quantico Court          
San Jose, CA 95128 
Phone (408) 938­0980 
Fax   (408) 904­4513 
 
public and non‐public personal financial information contained in the above‐referenced 
loan account which may include, but is not limited to: loan balances, final payoff statement, 
loan status, payment history, and/or property information. 
 
 
 
                                                                                                
Printed Customer Name               Customer Signature                         Date 
 
                                                                                                
Printed Customer Name               Customer Signature                         Date 
Borrower Name:                                  Social Security #      Co‐Borrower Name                             Social Security # 
 

Borrower Birth Date:            Borrower phone #                       Co‐Borrower Birth Date            Co‐Borrower phone # 
                                 

Borrower Home Address                                                  Co‐Borrower Home Address 


City                              State             Zip Code           City                                    State         Zip Code 


E Mail Address                                                         E Mail Address 


                                                    Employment Information 
                        Borrower                                                             Co‐Borrower 
Employer Name:                             Job Title:                  Employer Name:                                   Job Title: 


Employer Address:                          Employer Phone #            Employer Address:                                Employer Phone # 


Employer City:                             State         Zip Code      Employer City:                                   State         Zip Code 


Employment dates:                          Salary – Annual or          Employment dates:                                Salary‐ Annual or 
                                           Monthly?                                                                     Monthly? 

How long in this profession?                                           How long in this profession? 


                                                             Dependents 
          Name                       Date of Birth                                       Relationship 
                                            
                                            
                                            
                                                           Property Status 
Do you currently          If no, when did       Is the property currently      Realtor’s Name and Phone number               Notice of 
reside in property?       you last reside in    listed for sale?                                                             Default filed? 
                                                                                                      
Yes                       property?                                                                                          Yes 
                                                               
No                                                                                                                           No 
                                
                          Rental/Leasing Information (if NOT owner occupied)
Property Address:                                                    City                   State                       Zip Code 



Vacant          Tenant Name:                                         Monthly Rent:          Month Last Rec’d:           Date Lease Expires: 
Yes                            
No 
*Reflects current unaffordable Mortgage Payment 
LOAN # _________________Property Address: ______________________________ 
 
                               A. Borrower Information
Borrower Name:                                                Co‐Borrower Name: 

Social Security #                          Ph #               Social Security #                              Ph # 

Mailing Address:                                              Mailing Address: 


Do You occupy the property?   Yes ___  No ___                 If rental: Monthly Rental Income  $ _________ 

Have you filed Bankruptcy?  Yes ___  No ___                   If yes:   Chapter 7 ___ Chapter 13 ___  Filing date: 
Any other liens on subject property?  Yes ___ No ___          If Yes:  Is it current? Yes ___  No ___ Balance Due$_________ 

                                                    B. Monthly Income
Borrower Employer             Position‐Job Title     Years    Co‐Borrower Employer              Position‐Job Title             Years 


Gross Wages                   $                               Gross Wages                       $ 
Net Wages                     $                               Net Wages                         $ 
Child Support                 $                               Child Support                     $ 
Alimony                       $                               Alimony                           $ 
Rental Income                 $                               Rental Income                     $ 
Other Income: Describe                                        Other Income: Describe 
                              $                                                                 $ 
Other Income: Describe                                        Other Income: Describe 
                              $                                                                 $ 
Total Net Income              $                               Total Net Income                  $   
                                                C. Assets (Estimated Value)
      Description                   Amount/Value                     Amount Owed                           Net Value
Checking Acct.                $                                             N/A                 $ 
Savings Acct.                 $                                             N/A                 $ 
401K/IRA                      $                                             N/A                 $ 
Other Cash                    $                                             N/A                 $ 
Primary Residence             $                               $                                 $ 
2nd Lien Amount               $                               $                                 $ 
Automobile 1                  $                               $                                 $ 
Automobile 2                  $                               $                                 $   
                 
 
                                               D. Monthly Expenses 
1  Mortgage 
 st
                               $                                    Auto Loans           $                      
2  Mortgage 
 nd
                               $                                    Fire Insurance       $                      
Property Tax                   $                                    Credit Cards         $                      
Utilities (Telephone, etc.)                                         Medical/Dental  $ 
                               $                                                                                
Transportation (gas,                                                Student Loans 
                               $                                                         $                      
parking, bus, taxi) 
Auto Insurance                 $                                    Tuition              $                      
Life Insurance                                                      Other 
                               $                                                         $                      
                                                                    Mortgages/Rent 
Child Support                  $                                    Food                 $                      
Alimony                                                             Dry 
                               $                                                         $                      
                                                                    Cleaning/clothing 
Child Care                                                          Entertainment  
                               $                                                         $                      
Total Expenses                                                                            
                               $                                                                                

What is the Amount of funds you immediately have available to apply toward your                  $ 
Mortgage delinquency?                                                                             
In addition to the amount stated above, what amount will you have available to                   $ 
you in 30 days? 


                                                        
                                      Monthly Ability to Pay Calculations 
 Borrower/Co Borrower Net       Less Total Monthly Expenses                      Balance remaining for payment
 Monthly Income
                                                                     Equals =    $                    Circle one: 

 $                              -$                                                                      +/-


I certify that the financial information provided is true and is an accurate account of my financial
condition. I understand and acknowledge that any action taken by the lender of my mortgage loan
on my behalf will be made in strict reliance on the financial information provided. I grant the
mortgagee the authority to confirm the information I have disclosed in the financial statement and
to verify that it is accurate.


__________________________                                    ________________________
Borrower Printed Name          Date                              Borrower Signature Date


______________________________                                _____________________________
Co Borrower Printed Name Date                                  Co Borrower Signature Date
                 CREDIT CARD AUTHORIZATION FORM

       I hereby authorize the Law Office of Wendell J. Jones to charge my credit card for legal
services in the amount of:


TOTAL: ___________________________________________________

CARD TYPE (check one): _____ Visa, _____ Mastercard,            Discover

CREDIT CARD #: ___________________________________________

Verification Value:            (3-digit code on back of card)

EXPIRATION DATE: ________________________________________

NAME (as it appears on the card): ______________________________

ADDRESS: __________________________________________________

CITY: ______________________________________________________

STATE: _____________________________________________________

ZIP CODE: __________________________________________________

PHONE NUMBER: ___________________________________________

								
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