Jaleh Piran-Vesseh – What Areas of Law do you Practice?
Video Summary
Hi, my name is Jaleh Piran-Vesseh, and I am an Associate Attorney here at the Law Firm of Waller and Mitchell. I have been here for two years as an Associate Attorney and the areas of law that I practice are predominantly Foreclosure Litigation, both Plaintiffs and Defense work, Guardianship Administration, Elder Law, Medicaid Planning, and Real Estate Litigation.
Jaleh Piran-Vesseh – What Legal Training do you have?
Video Summary
The legal training that I have stems from my time at Stetson University College of Law, where I graduated with a Juris Doctorate degree. I also have legal training in the fields of Foreclosure Defense, specifically, as well as Elder Law in Medicaid planning, and also in the Administration of Guardianship’s.
Jaleh Piran-Vesseh – What made you want to be a Lawyer?
Video Summary
Oftentimes, clients will ask me, “What made you want to be a lawyer?” and I hold that very dear to my heart, because for me, as a small child, I always knew that I wanted to help people. From an early age, I decided that being a Lawyer was the best possible way for me to accomplish this goal.
And so, the best part for me of being an Attorney is seeing the impact that I am able to make on my clients’ lives in a positive way, and sometimes, in not positive situations that they’re unfortunately in, tends to be the best part of being a Lawyer and the reason why I decided to get into this field, practice.
Jaleh Piran-Vesseh – What are some Highlights of your Career?
Video Summary
The biggest highlight of my career thus far was assisting one of our elderly clients with saving her home. This particular individual was in her SC. She had been married for many, many years. I think almost 40 years, to be exact, and her husband had recently passed away.
In the situation, her husband was the one, their entire marriage who took care of the finances, and the bills, and made sure that everything was taken care of. So, this woman, she came to me, and she was being foreclosed on, and she was completely distraught and didn’t know which way to turn, having lost her husband and also now facing losing her home.
So, this woman, I was able to successfully modify her loan, save her home, have the foreclosure lawsuit dismissed, and she is still in her home to this day, the home that she has owned now more than 40 years. So that was probably the biggest highlight of my career, and seeing the biggest difference that I made in her life, because she was so grateful, and every time she came in, she gave me a hug, and she was just over the moon that we were able to do that for her. That was definitely the biggest highlight of my career thus far.
How Does a Lender Determine a Borrower’s Eligibility for a Loan Modification?
Video Summary
How does a lender determine a borrower’s eligibility for a loan modification? The lender’s usually need a loan modification when they are in a mortgage foreclosure action and the standard is they look at 31 percent of your gross income and see whether or not they can modify your loan for principle, interest, taxes and insurance to see if it comes within the 31 percent. I do not know what guidelines they have and how they do that but they usually do not forgive principle. They try and spread your loan out over say a 40-year amortization to see if they can make that work, depending on the size of your loan.
They usually reduce your interest rate to in or around four percent and they may modify this for the entire 40-year period or they just may modify it for a short period of time. But each lender looks at each loan on an individual basis but the 31 percent of gross income is what they look at. If you are in foreclosure and want to have a mortgage modification you can call my office and we will undertake representation of you in the foreclosure. My associate Jaleh Piran-Vesseh has done a lot of work as far as modifying mortgages.
That’s not, you’re not guaranteed that you’re going to get a mortgage modification and it’s up to the individual lenders. There are some other programs that were available which if you haven’t missed a payment in 12 months and your loan was current, the lenders would give you, refinance your mortgage even if the value of the property was less than the amount that was owed. I don’t know the name of that program but that was available. I don’t know if it’s still available or not. But that hopefully that gives you some insight about getting a mortgage modification.
If you have some questions about it, well give me a call at 727-847-2288. Thank you.
- Published in Real Estate - Foreclosure, Videos