The Law Office of Kristy Hernandez is a California law firm with locations in Sacramento and the Bay Area. Our firm focuses on helping families get out of debt by providing a wide range of legal services including: Bankruptcy, Loan Modification, Debt Negotiation and Settlement, Landlord/Tenant Services, and Uncontested Divorce.
Our California based Law firm prides itself on giving individual client attention, quality legal services and affordable prices to all clients. We believe that clients should feel welcome and comfortable every time they walk into the office. Our law firm also works hard to make sure that clients are involved in all aspects of their cases, and our support staff takes time to educate clients about their legal matter so that the clients are well informed about the progress of their case.
We believe that it is important to be on the cutting edge of both law and technology, and that is why we established this blog. All of the employees of the law firm have access to the blog and contribute to it on a regular basis. Please enjoy this site and get to know our team…and hopefully get some excellent information too!
The economic downturn and persistent high unemployment have led to an alarming rise of people tapping into retirement funds before intended. The most common reasons people withdraw funds early (or a hardship withdrawal) were to stave off eviction or foreclosure, to pay harassing creditors, to pay college tuition and to buy a primary residence. Unfortunately, [...]
By Monica Spangler, Newark Office There has been alot of talk lately about the DOJ modifications that are being offered by Bank of America that allow for principal reductions. There is one crucial qualifying component that cannot be negotiated. You have to have been at least 60 days late as of January 31, 2012 to [...]
Financial issues often result in two major events: Divorce and Bankruptcy. But which one should you do first? Well, the age old attorney answer of “it depends” applies here too. The first thing to consider is the state that you live in. California is a community property state, so if you file bankruptcy while still [...]
By Monica Spangler, Newark Office Wells Fargo is continuing to give our clients great loan modifications. After working on this client’s loan mod since December 2009, Wells Fargo finally delivered the permanent loan modification documents and they were worth the wait. The interest rate has been lowered to 2% and a total of $87,305 in [...]
By Monica Spangler, Newark Office Chase has given our client an excellent loan modification by lowering their interest rate to 4% for the remainder of their 23 year term. The payment went from $3,130 a month to $2,236 a month. This payment includes principal, interest, taxes and insurance. Chase also forgave $148,576 in principal! This [...]
U.S. Rep. Hansen Clarke, D-Detroit, proposed a national bill, named the Student Loan Forgiveness Act of 2012 (H.R. 4170). The bill, if passed, would forgive outstanding student loan debt for all Americans who have made payments equal to 10 percent of their discretionary income for 10 years, according to Rep. Clarke’s website. “This bill provides [...]
By Monica Spangler, Newark Office Wells Fargo has created a special group to deal with 3rd parties such as the Hernandez Law Group, Inc. We have bi-weekly meetings to go over our files and submit loan modification requests directly to our group. So far the relationship has proven to be a success. One of our [...]
By: Kristy Hernandez Many clients are interested in knowing about whether their lender will offer them cash if they move out of their home after foreclosure or short sale. The following article is from the DRE website and is an excellent resource for explaning cash for keys programs. “CASH FOR KEYS” – INFORMATION FOR CONSUMERS [...]
Mortgage delinquencies continued a downward trend and were substantially below year-ago levels, while sales of existing homes in January and February marked the strongest start to a year since 2007, according to the Obama administration’s March housing scorecard. However, data on home prices changed little from the previous month – marking a fifth month of [...]
Sometimes we get a file that just never goes away. Well, I finally got a terrific loan modification for a client with Wachovia. It had to be all under written manually. Client saved his home, is out of foreclosure and has a sweet deal on a million dollar loan. I never thought this one would [...]
