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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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Very good
, May 21, 2016
Todo muy bien
, Jul 21, 2016
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
They were very effective in getting my ticket and fines knocked down to lesser offence. I appreciate all their help.
, Jul 15, 2017
Very satisfied withow my case was handled
, Oct 17, 2016
Great service everytime.
, Aug 18, 2016
Son exelentes y recomentables
, Sep 4, 2015
Se los recomiendo muy buen abogado y lucha asta conseguir lo mejor para el cliente
, May 26, 2016
I would love to sincerely thank you for your patience and assurance during the whole period. It was very easy to get hold of you even on the phone and you always explained things to the best of your ability to me. I would quickly and highly recommend you to anyone who may have a case like the one i had. Thank you.
, Jul 7, 2017
He helped me fight a battle that I put off for years. Thank you so much for your services.
, Aug 31, 2016
The lawyer Ana bontempo very profesional.
, Jul 19, 2016
very satisfied with the outcome. You did a very good job
, Dec 26, 2016
Awesome job , very pleased with the outcome of my case !
, Jan 4, 2017
Muy bueno y excelente
, May 21, 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
Like to thank u for your profession and with my traffic ticket
, Jul 24, 2016
Great job , thank you very much, I'm glad I found you,
, Oct 22, 2016
Buen trabajo. Muchas gracias.
, Oct 23, 2016
Estoi satifecha por supervisio grasia a
, May 16, 2016
Gracias x hacer todo lo posible dios los bendiga
, Aug 3, 2016
Everyone in the office is exceptional and very helpful. Thank you for helping me win my case!
, Feb 17, 2017
Good job
, Jun 15, 2016
I found my attorney, Mr. Kessous, to be highly professional, knowledgeable, friendly and effective. He was highly responsive to my questions and concerns and easy to work with, and achieved the desired settlement for me in regard to my traffic ticket. If I were in the same situation all over again, I would choose to work with him without hesitation, and expect that if I were to face a similar situation in the foreseeable future, I would contact him. I would also provide his name with the highest recommendation to others in the area for such problems. (I also found his assistant, Gabriela Vargas, to be quite responsive and helpful as well.) Thanks again for all of your help!
, Jan 25, 2017
Muy buenos abogados se los recomiendo
, Jun 8, 2017
Great expletive with Esq Arindo. He is practical, honest, and thorough. I really appreciate his help.
, Jun 16, 2016
Muchas gracias. Exelente abogado yo se lo recomiendo alas personas por ser muy buen abogado
, Jul 8, 2017
Great people they do help thank you for everything you've done
, Jul 18, 2017
Buenos profesionales, completamente satisfecho con sus servicios
, Jul 11, 2017
Sarita was great, she sealed with every detail of the process. i recommend this firm
, Jun 22, 2017