Attorney James Grew
(781) 520-1758

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Terms of Use at This Website: The information at this website is not legal advice. Every legal case is different and the statements on these pages do not address your specific circumstances. If you have questions about how bankruptcy law applies to your specific situation Contact Attorney Grew for a free consultation. Call (781) 520-1758.

Many homeowners consider bankruptcy only because there are very few options available to fix their current home mortgage problems.  Often homeowners have sufficient income to pay most of the monthly payment.  However, once behind, lenders accelerate the loan and only accept full payments.  The current lending system was designed for an economy when monthly mortgage payments never exceeded 35% of homeowners monthly income.

Lenders will seldom offer to renegotiate existing loans, restructure payments or reduce the loans interest rate unless they are persuaded to take action.  Most of the present day modifications and workouts involve a second bridge loan, deferred principal payments, and short sales.  Attorney Grew assists homeowners renegotiate their existing home loan in order to reduce the interest rate and lower the monthly payment.  Our office will arrange for a full forensic loan analysis to be performed on your existing home loan. The analysis will identify and rate any improper and illegal practices found in your loan.

The fact is, many recently issues home loans do not conform with federal and state lending laws and regulations.  With a list of "issues" in hand Attorney Grew can then approach your lender to propose a modification that is your best interest.   Making your lender or current holder aware of the potentially illegal parts of your loan may put you in a much better position to modify / renegotiate your existing home loan.  Once a lender or holder is made aware that the loan violates federal and state standards, the lender and holder recognize the importance of making the loan right. 

Lenders will work with the creditor / home owner to keep the home out of foreclosure either through a loan modification, a workout or even allowing a short sale to remove the debt from your hands.  Bankruptcy is a powerful and useful method of managing a current loan arrearage; however, you should examine all the possible options before choosing the best solutions.

It is important to know your legal rights prior to entering into a discussion with your lender about modifying your original loan agreement, entering into a second loan agreement or restructuring your payment schedule.  Knowing your rights puts you in a better position to negotiate a solution.  Attorney Grew can arrange for a full and comprehensive forensic analysis of your current home loan to ensure that it complies with federal and state regulations.  When it doesn't you may benefit!  Contact Attorney Grew at (781) 520-1758 

If your lender has notified you that your loan is in default, or they are "accelerating" your loan, or the lender has placed your home in foreclosure you need to speak to an experienced and skillful attorney about your rights as a debtor.  Attorney Grew provides early morning (6:00 am.) and evening (8:00 pm) appointments to accommodate your schedule.  He provides free consultations and can help you stop a pending foreclosure.