Foreclosure Attorneys in Greater Danbury
Are you behind on mortgage payments? You can be sure to count on our skilled team to help you explore alternatives such as mortgage modifications and refinancing. If there is a foreclosure proceeding against you, we will be with you every step of the way. The Romanello Law Firm works with you to provide resourceful solutions that may permit you to keep your home or at a minimum get the most out of any value you have previously built into your property.
The State of Connecticut recognizes the potential social and financial consequences of widespread foreclosure, and therefore, strives to keep as many homeowners as possible in their homes. As a result, homeowners can apply for state-sponsored loans or funding that can help bring them current on delinquent mortgage payments, or assist them in offsetting higher interest payments on variable rate loans. The Romanello Law Firm can explain how these programs work and, if possible, help you apply for assistance. Some of the specific programs that may be available to you include:
- Foreclosure Mediation
- Loan Modifications
- Emergency Mortgage Assistance Program
- Connecticut Fair Alternative Mortgage Lending Initiative and Education Services
In general, banks are willing to work with homeowners, when they believe they stand to recover more money through a loan modification than if they foreclose on a home. Loan modifications are usually reserved for homeowners who are in financial distress or have high rate mortgages. By building strong relationships in the community, opening channels of communication, and bringing attention to your financial situation, we are often able to work out loan modifications with local and national banks. If a bank is willing to modify a loan, a homeowner is typically given a 30-year fixed rate mortgage – extending the life of the loan while decreasing your monthly mortgage payment as a result.
The worst thing that you can do for yourself and your family is ignore a foreclosure action that is brought against you. Act now and let us protect you from Foreclosure.
The Romanello Law Firm is experienced in all aspects of mortgage modifications. We aggressively represent many clients who need mortgage modifications. We have been able to successfully procure various types of mortgage modifications for our clients including, but not limited to:
- Reducing or modifying the interest rate
- Extending the term of the loan
- Reducing the principal balance and monthly payment
- Changing the monthly payments
- Combining any of the above
If you are falling behind on mortgage payments, getting your mortgage lender to agree to take a fair market offer and release you from your outstanding mortgage may be one of your best options.
You will benefit greatly by having a qualified team of experts on your side, while going through this process. Romanello Law Firm has been serving families just like yours within the Greater Danbury Area in all types of short sales even if your home is in foreclosure.
Our law firm works hard to protect your interests and investments. We strive to have your liabilities released completely by the bank by negotiating your real estate matters for you.
If you’re wondering if a short sale is the right option for you, call and schedule a free consultation.