Attention Homeowners: Do You Have Any of the Following “Option Arm” Mortgage Loans?

PayOption ARM.......................................................................................... Countrywide
Cashflow ARM............................................................................... Chevy Chase Bank
1 Month, Flex 3, and Flex 5 Option ARM.................................... Washington Mutual
Pick-a-Payment......................................................... World Savings Bank/Wachovia
FlexPay................................................................................................................ IndyMac
Option Power........................................................................................... Flagstar Bank
OptPay ARM.................................................................................................. Greenpoint

An Option ARM loan has several payment options - usually a minimum payment, an interest-only payment, and a payment that includes interest and principle.  The lowest payment won’t cover the interest charged on the loan, which is added into what you owe over time.  If you or a family member obtained one of these types of loans in January 2005 or later, we want to talk to you.

Call the offices of Evan D. Buxner today at 1-888-725-0503 or, email us for a free initial consultation to discuss your case and your rights under the law.