Florida Bankruptcy Attorney Publishing Article on Using REST Report to Determine Federal Loan Modification Eligibility in Paraclete

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St. Petersburg attorney Thomas F. Cox of The Law Offices of Cox & Sanchez has written an article to be published in the March 2012 edition of the St. Petersburg Bar Association publication, "Paraclete-The Magazine for the Legal Profession"

If you believe a mortgage modification is in your best interests, my unequivocal advice is to obtain a REST report.

The managing partner of the bankruptcy law firm of Cox & Sanchez, Thomas F. Cox, has had an article accepted for publication by the St. Petersburg Bar Association publication, "Paraclete-The Magazine for the Legal Profession." The article entitled, "The REST (Real Estate Services and Technology) REPORT - Powerful New Software that Eliminates the Uncertainty in Mortgage Modifications," will run in the March 2012 edition of this venerable magazine.

In his article, St. Petersburg bankruptcy lawyer Thomas Cox explains that statistics show at least half of Florida homeowners are "underwater" on their mortgages. Desperate homeowners approach bankruptcy lawyers every day, seeking ways to modify their mortgages.

Mr. Cox contends that completing a REST Report helps homeowners 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 believe a mortgage modification is in your best interests, my unequivocal advice is to obtain a REST report."

A REST Report is used to conduct mathematical computations to analyze whether a homeowner has the qualifications required under HAMP (Home Affordable Modification Program) to receive a loan modification. According to a HAMP directive, any homeowner who receive pre-qualification and has their support documentation must receive a mortgage modification from their lender. The REST Report also helps determine whether another option, such as a short sale, deed-in-lieu of foreclosure, other foreclosure defense, or bankruptcy, is a viable option.

About the Law Office of Cox & Sanchez
The St. Petersburg bankruptcy attorneys at Cox & Sanchez, Thomas F. Cox and Stephany P. Sanchez, have over 30 years of combined experience providing bankruptcy and civil legal assistance to residents in the Tampa and St. Petersburg region. Their areas of practice include Chapters 7, 11, and 13 bankruptcy, foreclosure, real estate, personal injury, and wills and estates. For more information, visit the firm’s website at http://www.coxsanchez.com.

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