(PRWEB) March 02, 2012
The managing companion of the bankruptcy law firm of Cox & Sanchez, Thomas F. Cox, has had an write-up accepted for publication by the St. Petersburg Bar Association publication, “Paraclete-The Magazine for the Legal Profession.” The report entitled, “The REST (Real Estate Services and Technologies) REPORT – Strong New Computer software that Eliminates the Uncertainty in Mortgage Modifications,” will run in the March 2012 edition of this venerable magazine.

In his write-up, St. Petersburg bankruptcy lawyer Thomas Cox explains that statistics show at least half of Florida home owners are “underwater” on their mortgages. Desperate home owners method bankruptcy lawyers every single day, seeking approaches to modify their mortgages.

Mr. Cox contends that completing a REST Report aids property owners pre-qualify for mortgage loan modification from their lenders, which saves them time and reduces legal fees. He has been quoted as saying, “If you think a mortgage modification is in your best interests, my unequivocal guidance is to get a REST report.”

A REST Report is utilized to conduct mathematical computations to analyze whether a homeowner has the qualifications needed beneath HAMP (Residence Cost-effective Modification Program) to obtain a loan modification. According to a HAMP directive, any homeowner who get pre-qualification and has their assistance documentation must obtain a mortgage modification from their lender. The REST Report also helps establish whether or not another option, such as a short sale, deed-in-lieu of foreclosure, other foreclosure defense, or bankruptcy, is a viable option.

About the Law Workplace of Cox & Sanchez
The St. Petersburg bankruptcy attorneys at Cox & Sanchez, Thomas F. Cox and Stephany P. Sanchez, have over 30 years of combined expertise delivering bankruptcy and civil legal assistance to residents in the Tampa and St. Petersburg region. Their areas of practice consist of Chapters 7, 11, and 13 bankruptcy, foreclosure, true estate, private injury, and wills and estates. For more information, visit the firms site at http://www.coxsanchez.com.

###





