Due to the present economy, more and more homeowners are finding themselves either unemployed or underemployed.  This is causing many people to fall behind on their mortgage payments. If you find yourself in this situation the best thing you can do for yourself and your family is to apply for a loan modification as soon as possible.

A loan modification is a change to any of the original terms of your loan in an attempt to prevent foreclosure. This could include lowering the interest rate, changing from an adjustable to a fixed interest rate, extending the length of the loan, and reducing the loan balance.  An experienced attorney can work directly with your bank on your behalf to apply for the modification.  After a successful loan modification you will be paying a lower monthly mortgage payment.  This will allow you to avoid foreclosure if you continue to make your payments according to the new lower monthly amount.

When you come to meet with Alexander Restaino at Restaino Law, LLC, he will take the time to learn about you and your financial situation to determine if a loan modification is best for you.  He will also take the time to explain the entire loan modification process and timeline; and keep you updated every step of the way.

In these trying economic times homeowners are being bombarded with advertisements from companies offering mortgage and foreclosure relief. Only a lawyer competent in evaluating a homeowner’s financial situation and experienced in dealing directly with mortgage banks can give you the advice you need.   If a loan modification is not right for your situation, Alexander Restaino can counsel you in your other options to avoid foreclosure, including a short sale or bankruptcy.

If you are currently behind or in danger of falling behind on your monthly payments you should be proactive and make an appointment to come to the office of Restaino Law, LLC as soon as possible.  We understand how stressful and intimidating this process may seem; but waiting will not make it any easier.  Speaking with Alexander Restaino will clear up all the misinformation you are probably already reading on the internet and will give you some clarity into your future.  It will also put you on the best path to staying in your home where you belong.