Call Us Today: 1-800-923-3456

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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, May 16, 2016
The lawyer Ana bontempo very profesional.
, Jul 19, 2016
A well-prepared staff who handled everything we asked. Made us feel welcome and handled everything professionally.
, Jun 13, 2016
Excellent service would recommend to others
, Feb 7, 2017
Far exceeded my expectations. Mr. Vella was confident and professional. Should I require legal assistance in the future I won't hesitate to call them.
, Oct 21, 2016
Very good i will recommend your services to other people
, Mar 2, 2017
Great Experience. Wouldn't hesitate to give you a call back when i mess up again. Great Service, Great Lawyer. Couldnt ask for more. Thank You Guys Once Again.
, Jul 23, 2016
thank you guys for representing me!
, Jun 17, 2016
Thank you very much you guys were helpful compassionate in my situation I really appreciate the ladys in Perth Amboy are very nice I recently send it a friend and she has the same opinion.
, May 24, 2016
Really good and reliable service This is my second time using your services and I always come out wining.
, Oct 21, 2016
Mr. Lebroq is an excellent Attorney. The office staff has always been prompt , respectful and helpful. I highly recommend this firm.
, Oct 10, 2015
Tuve una buena experiensia confien son los mejore.yo tube dos caso y sali muy bien gracias a ellos
, May 7, 2016
Knowledgeable, helpful, and friendly guy. Thanks for the service!
, Jun 13, 2016
Everyone in the office is exceptional and very helpful. Thank you for helping me win my case!
, Feb 17, 2017
Very satisfied withow my case was handled
, Oct 17, 2016
Staff was very helpful and explained the case as it went along.
, Jul 21, 2016
El mejor abogado muy eficaz
, Jan 26, 2017
Perfect !!!!!!
, Oct 7, 2016
Outstanding service very professional attorneys thumbs up all the way
, Feb 4, 2017
Thanks for helping and you have the best service
, Jul 26, 2016
Excellent highly recommended
, May 25, 2016
Very satisfied! Exceptional service! Highly recommend!
, Jun 14, 2016
Increíbly Professional and dedicated peple to the service of the Law. William Garces has to be One of the Nicest most professional lawyers I ever come across...I know not a lot of people trust lawyers but This firm will treat you with such consideration and dedication that You forget you are a Client. I would recommend this Firm to every Person I know .
, Mar 1, 2017
Yo ELSA, estoy muy agradecida y muy feliz de haber escogido como mi abogado. Es un buen y excelente preparado e inteligente ABOGADO. Trabaja muy profesional y consciente igual todo su personal que trabaja en su oficina. Me ayudó mucho con mi Caso. Lo recomiendo a cualquiera persona que necesita sus servicios de un buen ABOGADO.
, Feb 17, 2017
Great service and support from start to end.
, Jun 15, 2016
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
Thanks for everything my life change Good bless thanks
, Jul 21, 2016
Great service everytime.
, Aug 18, 2016
Gracias x hacer todo lo posible dios los bendiga
, Aug 3, 2016