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In these unprecedented
difficult economic times, many homeowners are finding that they are in a
situation where their mortgage payments have increased to a level where
they can no longer afford to make the required payments. In some cases
this has been caused by variable rate mortgage loans whose rates have
re-set, or possibly due to other factors. Whatever the cause of the
problem, the threat to their homes is real and immediate.
In some cases, it may
be in the best interests of homeowners to re-negotiate a modified payoff
schedule for the current mortgage with the current lender, or in other
cases, re-finance their mortgage. As an alternative, it may be in the
best interests of the individual to put the home up for sale. If a
foreclosure action has been started, there are strategies available that
can result in a more positive outcome for the homeowner. Which of those
choices is the right one in an individual case, depends on a variety of
factors. No one solution is the right one for everyone.
How do you know which
choice is best for you?
You need independent
advice from people who have experience in all phases of real estate
transactions to determine which choice is best for you.
The Mortgage Recovery
Group is an association of affiliated law firms who have over 50
combined years of experience in all aspects of real estate transactions,
and can give you unbiased suggestions. The group can give you advice,
and in many cases, assist you in renegotiating the terms of your current
mortgage loan with your current lender. If that choice does not work
out for you, then there is available a wide range of choices, based on a
network of real estate professionals in the fields of finance, title
insurance, real estate brokerage, and credit repair. If representation
in a foreclosure action is needed, that service can be provided as
well.
WHAT THE MORTGAGE
RECOVERY GROUP IS NOT:
The Group is NOT looking
to buy your property. The Group’s purpose is NOT to purchase your real
property at a discounted, or any other, amount. The group is NOT a
front for Real Estate Brokers who are interested in selling your
property. The Group is NOT designed to funnel your needs into the hands
of mortgage brokers.
What should you do?
CALL one of the Law
firms listed below who are the managing firms of the Mortgage Recovery
Group. Set up an appointment for a consultation. Consultations are
free. Our legal fees are reasonable. Come in and talk to us, and we’ll
tell you what we feel is the best course of action. You will know what
fees and expenses may be involved, so you can make a knowledgeable,
informed decision about your future.
JOSEPH L. GROSSO,
PC
500 Corporate Plaza
500 Bi-County Blvd. Ste 213N
Farmingdale, NY 11735
Phone: 1-888-99LILAW
Fax: 631.393.0421
info@li-lawyers.com
http://www.li-lawyers.com
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