New Jersey Attorneys Help with Loan Workouts
If you are falling behind on your mortgage payments but think you can catch up if your mortgage company would give you a little bit of breathing room, the Law offices of Generoso Squitieri may be able to help you negotiate a mortgage loan workout with your finance company.
Mortgage loan workouts usually have the best chance of success if you begin the process as soon as possible. If you have just started to fall behind — or if you think you may start falling behind — NOW is the time to call and get a good mortgage workout lawyer on your side.
Law offices of Generoso Squitieri · Bergen County, New Jersey
Mortgage Workouts · Loss Mitigation · Debt Restructuring
(201) 282-5515 · Toll-Free (866) 430-5528 · E-mail
It is helpful to have an experienced foreclosure lawyer on your side if you are considering trying to negotiate a loan workout with your mortgage company. The prospect of losing your house because you are behind on your mortgage payments can be terrifying.
Types of Loan Workouts
A loan workout is a process where you negotiate with your finance company for a type of temporary or permanent assistance to help you get back on track with your mortgage payments. Your finance company may be open to the idea of a loan workout if we can convince the company that a loan workout will keep them from having to start foreclosure proceedings.
Loan workouts range from the simple to the complex. A simple loan workout might mean that the mortgage company grants you a couple of months' forbearance (months when you do not have to make payments) to allow you to catch up with your finances. At the complex end of the spectrum, we may be able to convince your finance company to convert the past-due amount back into principal and reamortize the mortgage.
First Steps
One of the first steps in negotiating a loan workout is showing your finance company that you were experiencing a financial hardship but now have the present ability to pay. At the Law offices of Generoso Squitieri, we will work with you to create a picture of your current financial circumstances so that we understand — and can explain convincingly to your bank — what unusual situation or emergency made you fall behind.
Contact the Law offices of Generoso Squitieri for Personal Attention
Personalized attention is a unique feature of our New Jersey law offices. At the Law offices of Generoso Squitieri, we believe in offering responsive, knowledgeable and straightforward service. Therefore, all correspondence with our office will be with one of our attorneys, not support staff. For experienced representation, contact our Fort Lee law offices today.
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