Stay in your home by restructuring your mortgage.
In an attempt to stop the current high foreclosure rate, the United States Department of Treasury is providing incentives to mortgage loan servicers to reduce monthly payments. This can be achieved by extending the term of the loan and/or lowering interest rates to as low as 2%. Each borrower’s interest rate may only be reduced to a point sufficient to get the modified payment to equal 31% of the borrower’s gross monthly income. Not all borrowers will qualify for a rate reduction to 2% in order to achieve a monthly mortgage payment that is affordable.
Homeowners who attempt a modification without assistance have a failure rate of over 80%. We will work with your lender to restructure your current loan by providing you with a unique, professional plan that you and your lender can both accept.
We have experience in working with loss mitigation departments at most major mortgage companies. This can provide you with a greater advantage to secure a plan you can live with.
- Do you owe more on your home than it is worth?
- Are you behind on your mortgage payments?
- Has your rate adjusted or is it adjusting soon?
- Have you been denied for a loan modification in the past?
- Are you trying on your own to negotiate with your mortgage company without success?
- Have you encountered a financial hardship, such as losing your job?
We provide:
Mortgage Assistance
Tough Legal Representation
Assistance in Stopping Foreclosure
Mortgage Modification
Expertise in all Government Mortgage Programs
Payment Restructuring
Links and Articles of Interest:
Common Thread to Hundreds of Mortgage Fraud Lawsuits Planned in MI
Help for Homeowners that Haven't Missed a Payment
Avoid Forecloslure Prevention Scams
After foreclosure: How long before you can buy again?
Call Grewal Law PLLC today to help assist you in this difficult, time consuming process!
