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|President||Law Offices of Raffy Boulgourjian, APLC||1998 - Present|
|Association name||Position name||Duration|
|State Bar of California||Member||2005 - Present|
|selfgrowth.com||Bankruptcy Law Office||2011|
|jdsupra||The Top Seven Myths About Loan Modifications||2009|
|Southwestern University School of Law||Law||JD - Juris Doctor||1997|
|University of Southern California||Finance||BS - Bachelor of Science||1993|
|MLS Meeting||How Bankruptcy can help you close short Sales||2012|
|The do's and dont's of the escrow process||Avoiding the common pitfalls of the purchase process||2007|
Posted by Zoltan
We provided seller financing to the buyer of our home a few years back. After a while the loan payments stopped from our buyer. It was a desperate and rather complex situation. Raffy was candid with our case, saying it was a tough one, but accepted the challenge. Everything was professionally handled and filed right before our window of opportunity to sue closed.
Raffy continued to work efficiently and was very professional. The case even took a few unexpected turns, but he handled them with authority. Looking back, the whole process and the outcome were better than we've ever hoped for.
Raffy, if you’re reading this – MANY THANKS!
Posted by Sarah
I retained Mr. Boulgourjian to assist me with a complex real estate case over a year ago. I was previously represented by another attorney but my case ended up evolving further than initially expected and I found myself needing more of a litigation attorney. I was thus referred to Mr. Boulgourjian by one of his colleagues. There were many intricate facets to my case none more prevalent than the fact that I was suing a family member. Throughout the whole process Mr. Boulgourjian not only remainded extremely professional but was so comforting and understanding. As the case took its course, there were so many questions and concerns I had. Each time I brought one to his attention he was so informative and took his time explaining to me what to expect. One of the most reassuring aspects of our relationship was that he was always available. Whether it was email, phone, fax, or mail Mr. Boulgourjian never made me feel that I was not his main priority. I was also pleasantly surprised to find out that his fees were so fair and not at all inflated like so many other attorneys tend to do. After about a year my case was finally resolved. Throughout that time, Mr. Boulgourjian proved himself to be a man of such great integrity, knowledge, and humility. I am so very thankful for his help and friendship!
Posted by anonymous
I purchased a house in late 2005 that was financed with a 7/1 hybrid ARM loan with an initial seven year interest only period. Not only was my timing bad, but the house turned out to be the proverbial "house from hell" and required approximately $75K in repairs and updates that I financed primarily with draws on my HELOC. Fast forward five years and the situation wasn't pretty - the house was worth $450K less than I paid for it, I was $250K "underwater" on my mortgages (which made refinancing impossible) and my first mortgage mortgage payments were scheduled to increase 25-40% in two years.
I knew that my lenders weren't going to voluntarily modify my loans but I needed objective advice on assessing my options. Litigating with my lenders to seek debt relief, walking from the house and pursuing a short sale or deed in lieu of foreclosure all seemed like viable alternatives but I didn't have the experience to evaluate these options as there were so many issues to consider. If I sued my lenders would they come to the negotiating table or dig in their heels out of concern regarding the moral hazard? Would my lenders agree to a short sale that made economic sense or would they expect me to sign a note for the deficiency? If I wanted to pursue a short sale would I get a better result by having an attorney negotiate on my behalf? As an attorney I could spot these issues but I didn't have the personal experience to handicap the potential outcomes.
Being self-conscious of my predicament and not knowing any peers that had been in my situation I decided to use the internet to find an attorney experienced in residential mortgage issues. I read several of Raffy's posted responses to questions from borrowers and thought that they showed sound logic and good judgment so I decided to give him shot.
I knew from my first meeting with Raffy that I chose the right attorney. During my initial consultation with Raffy he convinced me that short sale was my best option even though I was predisposed to litigate and litigation would have been in his economic interest. Raffy also convinced me that a real estate agent that specialized in short sales could negotiate as good an outcome as he could. Raffy even referred me to such a real estate agent.
I retained Raffy to represent me in the short sale process to ensure that I could obtain objective advice through the short sale process rather than relying solely upon my real estate agent. Five months after first meeting with Raffy I was out from under my house and approximately $200K of the $250K that I was underwater. I also have the comfort of knowing that I have been advised by competent counsel that my lender cannot pursue a deficiency judgment against me. And for all of the benefits of this outcome, Raffy was incredibly efficient with his time. During the entire five month process I was billed less than $500.
I have worked with dozens of attorneys over the course of my career and Raffy ranks among the best. I can't imagine another attorney that could have done a better job of guiding me through my situation and reaching a successful resolution.