Blogs
Am I a Candidate For a Loan Modification?
Are you a homeowner with:
1. An adjustable rate mortgage (ARM)?
2. A fixed rate mortgage that has an interest rate which is 2% above current national average for a 30-year mortgage - roughly 5.25%?
3. Late payments on your mortgage within the last 12 months? You are currently late, you will be late this month, or you are intentionally choosing to be late?
4. A mortgage that is larger than the value of your property - i.e.) upside down?
5. A property that is in foreclosure? Our attorneys will stop the foreclosure and modify the loan.
If you answered YES to at least one of these questions then we can help you out. We have great success at modifying loans. With a loan modification we are restructuring existing loans with existing lenders. We are converting adjustable rate mortgages to fixed rate mortgages, reducing interest rates, extending amortization schedules, and we have the possibility of reducing the principal balance especially on second mortgages.
This is not a refinance and it does not matter how much you currently owe. The property does not need to be your primary residence and we can help you even if you have a pre-payment penalty!
Call us today at (305) 722-5888, fill out the Case Evaluation Form to the left, or send us an email.
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I was just served with a foreclosure lawsuit now what should I do?
You have 20 days to respond. The most important thing is to ensure that your legal rights as a homeowner are protected. Therefore, it is always a good idea to schedule a consultation with a licensed attorney to discuss your individual case. Time is of the essence so we encourage you to seek legal advice right away.
Call us today at (305) 722-5888, fill out the Case Evaluation Form to the left, or send us an email.
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I can't afford my current mortgage payments on my property that worth significantly less than what I owe my mortgage company - what are my options?
You need to decide whether or not you want to try to keep the home if the payments were affordable. If you would like to try to keep the home you can apply for a loan modification. If you decide that you would like to liquidate the property then you may be able to short sell the property or give the property back to the lender in exchange for not foreclosing upon it. The Law Offices of Brian M. Rokaw, P.A. can assist you throughout the entire process.
Call us today at (305) 722-5888, fill out the Case Evaluation Form to the left, or send us an email so we can discuss your options.
Please fill out the quick form and submit. A representative of the firm will call you ASAP.
Case Evaluation
Law Offices of
Brian M. Rokaw, P.A.
2655 LeJeune Road, Suite 316
Coral Gables, FL 33134
(P) 305.722.5888
(F) 305.231.0090
Copyright © 2010 Brian M. Rokaw, P.A., All Rights Reserved.
