Friday, July 25, 2008
Homeowners Receiving Structured Settlement Payments Get Foreclosure Assistance
Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.
Studio City, CA - March 15 -- Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.
The newly implemented "Woodbridge Home Owner Relief Program" will allow homeowners who are receiving structured settlement, annuity, or lottery payments to instantly borrow up to $20,000 against their settlements to reinstate or pay delinquent mortgage payments.
Heading up the innovative new program is Sofia Ekberg, who has an extensive background in debt negotiation with banks nationwide. Sofia stated, "My experience with homeowner relief programs acted as the catalyst for the idea to offer loans to homeowners receiving structured settlements."
Ms. Ekberg further added, "Management at Woodbridge Investments was thrilled with the idea and has set aside a fund to immediately begin making loans."
To qualify, an individual must own a home and at the same time be receiving a structured settlement, annuity or lottery payment.
About Woodbridge: Woodbridge Investments and its predecessor companies have been purchasing Lottery Payments, Structured Settlements and other cash flows since 1993. Over a thousand individuals and families have relied on Woodbridge to realize a large lump sum from the sale of their long term payments.
Press Contact: Jennifer Fiero
Company Name: Woodbridge Investments, LLC
Phone: 1-866-865-7044
Website: www.woodbridgeinvestments.com
Structured settlements are when someone receives financial or insurance periodic payments that was accepted to settle a claim such as a personal injury tort or pay off a statutory periodic payment obligation. Structured settlements were first made during the 1970s as an alternative to lump sum settlements that might cause a large corporation to go out of business. Structured settlements is part of statutory tort law in the United States. Structured settlements may or may not include income tax and spend thrift requirements and benefits. The structured settlement payments may be called periodic payments and a structured settlement that is incorporated into a trial judgment is called a periodic payment judgment.
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