PRESS RELEASE: Previously the FHA had held off on principal reduction modifications claiming that it was not their position to take money from the many (tax payers) and to give it to the few (holders of modified mortgages.) with the recent settlements with large mortgage servicers and banks, the FHA may be open to principal reductions. The settlement has created a fund for allowing the principal reductions as well as short sales. Since the FHA does not have to use federal money to allow the modification it is justified in reducing the principal on your mortgage and saving your home.Bankruptcy Lawyer Tampa Did you know: Tampa Bankruptcy Attorney Tampa Bankruptcy Lawyers at the Galewski Law Group have been involved in over 1,000 cases this last decade, but we take a personal approach to each case. When we work to help someone get out of debt or a family save their home or save themselves from the deficiency in a mortgage, we put our heart into making sure that your interest, your family, and your future are protected. We start with a discussion of your immediate needs, short and long term goals, which may include: avoiding a judgment or garnishment, fighting a foreclosure or a lien foreclosure from a Home Owners Association, of simply stopping creditors from calling. We move from there to a series of avenues to reach your goals, including: filing bankruptcy, filing an exemption to garnishment, assisting with all avenues of foreclosure defense, negotiating with the bank or their attorney to obtain a modification, short refinance or a short sale with deficiency forgiveness. To help obtain your goals, achieve a fresh start, rebuild your life and move your recovery, we reach beyond a typical law firm and have relationships with industry leaders,credit repair specialists, mortgage lenders, realtors, and investors, and simply good hearted people that are there for you and your family. At the end of the day, your home is more than your castle, your family needs to focus on recovery, and not on legal details. We can handle the details while you move your recovery along. There is no substitution for competent legal counsel. The decisions that you make now can have a long lasting impact on you and your family. I often say that everyone gets their day in court. There is rarely a second chance to come back and change things with the judge or in a settlement agreement. The same is true in cases where you cannot always anticipate future needs and where legal documents are drawn in the best interest of the bank and not you. You need someone familiar with these documents to help assure that your interest is protected and you are free from any future claim. This means that you should do things correct the first time. Just because a friend went through a similar situation, does not mean that they have had the same case or that they know your situation. There is just no substitute for hiring the right law firm the first time. Call the Galewski Law Group at 855-Stan-the-Man or 813-222-8210 now and get a free consultation.