Monteiro & Fishman LLP utilizes our expertise in financing and real estate law to determine if our clients are eligible for a loan modification, either through government or bank sponsored programs. Once we determine eligibility, we work through the numbers and present client applications in the most favorable fashion to the bank. We then use our legal know-how and experience to negotiate with the banks and obtain the best possible terms for the loan. We have successfully persuaded banks to reduce monthly mortgage payments, reduce interest rates to as low as 2%, forbear arrears, forbear portions of principal, and waive interest on deferred amounts.
For clients facing foreclosure, we provide a strong defense against the bank. We have a complete understanding of the foreclosure process and utilize all laws, like the Truth in Lending Act, Home Ownership and Equity Protection Act, Real Estate Settlement Procedures Act, and Deceptive Practices Act to ensure the Firm’s clients are protected.