◊  New York Real Estate Law  ◊  Contracts & Closings  ◊  Residential & Commercial Purchases & Sales  ◊   Our Services The Law Office of John A. Testaiuti provides all services necessary to ensure that your closing will be handled in a prompt, efficient and professional manner. All of our clients receive the highest quality of legal representation. From the initial consultation until the conclusion of the transaction, it is imperative to us that our clients are kept informed throughout each step of the process. We provide detailed explanations to our clients until we are confident that the entire transaction is understood by them. We prepare all of our clients so that their closing is a smooth and pleasant experience. Purchases and Sales We carefully draft, review and negotiate the real estate contract and provide a complete and thorough explanation to our clients before the contract is signed. In preparing for closing we diligently work to clear all title and any other pre–closing issues so that the closing can be scheduled without unnecessary delay. Our office explains all of the mortgage and loan documents to our clients and works closely with their lender to provide all of the necessary legal documents required to schedule the closing. We believe our attention to details and preparation before the closing are the key elements that have made it possible for our office to have successfully handled thousands of real estate closings.   Short Sales and Loan Modifications Many homeowners today find that they are having financial difficulty in making their mortgage payments and have fallen behind. Each homeowner´s situation is unique, which is why before proceeding, we review our clients´ individual situation and then offer a detailed analysis along with a course of action that is best for our clients. Whether it´s a loan modification or short sale, we zealously represent our clients until the matter is concluded. A short sale is when a lender agrees to release their lien against the home for less than the outstanding mortgage balance so that the home can be sold for its current value regardless of the outstanding mortgage amount. The process to obtain short sale approval from the lender is what requires an experienced professional to negotiate on behalf of the homeowner. At The Law Office of John A. Testaiuti, we have experience in successfully closing numerous short sales with various lenders and financial institutions. From the drafting of the special short sale contract of sale, to the ongoing negotiations with the lenders, we possess the necessary expertise, knowledge and patience required for a successful short sale transaction. We have obtained countless short sale approvals on behalf of our clients. A loan modification is sought when we make a request to the lender to change the terms of our clients´ original mortgage/loan. This can involve a change in the interest rate, change in the monthly payment and change to the original amount of years required to pay back the loan. In pursuing the loan modification for our clients, we fill out the application, gather all of the supporting documentation along with the various affidavits and submit a completed application to the lender. From the point of submission to the lender, we continuously follow up with the lender to provide any additional paperwork that they may require to reach their decision.   Please call The Law Offices of John A. Testaiuti to schedule a free consultation to discuss all of your Real Estate needs.   ◊    References available    ◊    Call us today to schedule a FREE Consultation    ◊    Hablamos Espanol    ◊ Law Offices of John A. Testaiuti 172 Merrick Road Merrick, NY 11566 Tel: (516) 771–3500 Fax: (516) 771–7555 Email: JohnTestaLaw@gmail.com