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Mortgage Modification

A new year is here and a new decade begins

By way of analogy my uncle once owned a farm and early every spring my cousin and I helped clean out the barn which was full of cow manure left behind the previous winter by the cows that made its confines their home. It was not a pleasant job but when it was done I felt a great sense of pleasure and accomplishment seeing the job completed and the barn once again in order.

Americans are doing the same thing after a decade of financial irresponsibility and massive mismanagement by both Main Street and Wall Street, and no regulations or supervision by government entities whose job it was to regulate free market excesses and abuses.

We need to get our financial house in order. The new decade will require a more measured approach by our leaders and our citizenry. The way to survive our current economic turmoil will be for everyone to tighten our belts, budget our expenses in relations to our income, and be more economically responsible for our short term and long term decision making.

It may seem cliché, but we need to live within our means. We need to look ahead and plan our course taking a more frugal, more responsible approach. Collectively, as a society and as individuals, we all need to better manage our finances and plan our respective budgets accordingly.

All Americans need to get their financial houses in order. The real estate bubble has burst and the entire residential real estate market is readjusting downward to pre-2001 price levels. Millions of Americans are struggling to make ends meet. The economy is restructuring and these changes are devastating to certain segments of our population. Millions of Americans are out of work and have lost their jobs to foreign competition. Those fortunate enough to still have a job have seen the overtime pay previously offered dwindle or disappear. Many American families are in real jeopardy of losing their homes.

The foreclosure crisis is likely to continue to persist well into this year as rising unemployment pushes more people out of their homes. It seems every day that more and more homeowners are falling behind on payments or in foreclosure. Another group of homeowners facing difficulty are families that have adjustable rate mortgages that they simply can’t afford the new payments and many simply do not qualify for a new loan via the traditional refinance route.

The program known as Making Home Affordable announced by President Obama in February of 2009 allows homeowners to have their mortgage interest rate reduced to as low as 2 percent.

Under this program, a borrower’s mortgage payments are lowered to 31 percent of their gross income, resulting in a significant average monthly savings in many cases. This program was designed to help people at risk of losing their home.

Unfortunately, a mortgage rate reduction is not simple to get approved. The program consists of an initial trial phase lasting approximately three months during which the mortgage rates are lowered for a temporary period while they file the needed paperwork, including information about income, assets and hardships.

Borrowers must understand the urgency of getting their completed paperwork in so they do not miss out on the opportunity for a more affordable monthly mortgage payment. Once the homeowner has made all the required payments on time and submitted all the required documents, the mortgage server should move their application to an approval phase which literally means the change becomes a permanent loan modification.

Garces & Grabler, P.C. has a group of experienced professionals who understands the federal rules and lenders’ foreclosures policies. Few people outside the banking world have the necessary knowledge to effectively work with your current lenders.

Our office has a very good success rate of obtaining mortgage rate reductions for qualified buyers. The key is constructing a financial plan that you can afford and your lender will approve. We analyze your financial situation and we help construct a financial plan that considers your current income and details a list of your current monthly expenses and we make recommendations to improve your budget and cash flow so your income exceeds your total monthly expenses each month.

It is time for us all to clean up our financial houses. Garces, Grabler & LeBrocq can lend a helping hand. Call 1–800–923–3456 today for a free confidential consultation!

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Buen trabajo. Muchas gracias.
, Oct 23, 2016
Excellent Lawyers and paralegals. They kept me informed and updated on the progression of my case. I was pleased and will be referring others to them. Outstanding customer service.
, Jul 22, 2016
I was represented by Mr.Araujo from this firm in a disciplinary job hearing. Mr. Araujo was very professional and prepare my case very well and I was able to return to my job a few days after the hearing.
, Oct 5, 2017
Really good and reliable service This is my second time using your services and I always come out wining.
, Oct 21, 2016
Buenos profesionales, excelente trabajo....
, Jul 10, 2017
U guy's r amazing LAWYER'S! I will always recommend u to all my friends and family members. Thank u for going above and beyond with my case. Awesomeness!!!!!!
, Oct 6, 2016
Robert White III, Esq. was professional and efficient in every step of the process. From dealing with my Worker's Comp insurance to making sure I got the best care with a skilled neurosurgeon and making sure my case was handled fairly by a judge and the court system. I would definitely recommend Garces, Grabler and LeBrocq for anyone who was in need of representation for such matters.
, Mar 28, 2017
The representation this firm did to me was above and beyond what I expected to receive. Especially Mr. Grabler who was extremely professionals. I was very proud to have him as my lawyer. For this reason I recommend this firm to everybody.
, Jul 19, 2016
Extraordinary, very satisfied
, Oct 11, 2016
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, May 16, 2016
The BEST I WILL RECOMMEND
, Aug 3, 2016
Thank you very much for all your help and great service!
, Mar 22, 2017
Knowledgeable, helpful, and friendly guy. Thanks for the service!
, Jun 13, 2016
G.G.L... Are the best in the business...
, Jan 26, 2017
Very satisfied! Exceptional service! Highly recommend!
, Jun 14, 2016
thank you guys for representing me!
, Jun 17, 2016
Very please with law firm
, Apr 2, 2017
Todo muy bien
, Jul 21, 2016
Thanks for everything my life change Good bless thanks
, Jul 21, 2016
100% satisfaction, very good. I like to recommend.
, Jun 16, 2016
La atención muy eficaz son muy profesional me sentí muy sastifecho gracias
, Jul 5, 2017
The lawyer Ana bontempo very profesional.
, Jul 19, 2016
Perfect !!!!!!
, Oct 7, 2016
Thank you Mr. Lawrence LeBrocq, I have no words for the amount of appreciation I have for what you've just done.
, May 9, 2017
Estuvo bien gracias muchas gracias
, Jul 12, 2017
I would like to say thank you to ALL at Garces, Grabler, & Lebrocq. I believe all work with great integrity. The patience and effectiveness really shows in my life. From car accident to divorce. Purchasing home. Even with help making my dreams come true and starting my own business. I appreciate ALL. Definitely know I will always be in good hands. Thanks!!!
, Oct 20, 2017
The Lawyers were very friendly and knowledgeable. If I need a lawyer in the future, they would my go to attorneys.
, Jun 13, 2016
Excellent service would recommend to others
, Feb 7, 2017
MaryanN and Jasmine both very helpful and professional. Jonathan Kessous very professional. Would recommend the firm.
, Aug 5, 2016
Gracias x hacer todo lo posible dios los bendiga
, Aug 3, 2016