Orange, CA (prsafe) April 27, 2012 - It isn't uncommon for people especially the elderly to fall prey to money making schemes initiated by loan sharks. They promise affordable loan modification schemes, but add clauses that are either not discussed in detail with the client or amended without prior information. Jeff Cancilla, an attorney who serves in Orange County, Greater Los Angeles County and Riverside County aims to help clients with debt issues through the use of bankruptcy law, fair credit law, and the debt negotiation act.

"A recent example is of an elderly woman who was given a loan that she could have never afforded to repay, given her age and her inability to increase her income. We are now fighting for her rights under the Elder Abuse Statutes, and aim to set a precedent to discourage such rogue practices," says Jeffrey. A. Cancilla.

Jeff also explains about another instance where a couple had refinanced to a lower fixed interest rate. But without their information, their loan was modified into a short term fixed loan, thereby increasing their mortgage payment. "The couple is now seeking redress citing violation of the Truth in Lending Laws, the Real Estate Settlement and Procedures Act and Fraud. The lender hasn't even offered the Obama funds as well," adds Jeff.

Refinance is a great way to increase short term cash flow, but it has to be done carefully, especially for those who are stressed. People often miss to read minute details that may make a huge impact on their monthly payments. They also fall prey to predatory lenders who lure people with a great loan, but with extra fees. Attorneys like Jeffrey Cancilla help people seek relief from such predators.

Jeff has sound knowledge in the areas of business disputes and has over 20 years of experience in both government and private practice. He has also worked as a staff attorney for a Superior Court and also served as a public defender. As a private practitioner, he practices in the field of bankruptcy, loss mitigation/loan modification and debt settlement.

About Jeffrey. A. Cancilla: Jeff Cancilla is a practicing lawyer who assists clients with debt issues through the use of bankruptcy law, fair credit law, and debt negotiation.

To know more, visit, www.cancillalaw.com

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