Do Nothing – Many homeowners become so stressed and confused as to what to
do about their financial hardship, they end up doing nothing! This is a big mistake.
You have a solution. We understand this is a challenging time, but your home is
your key to financial wealth and stability. You have invested time and energy into
your home. Our attorneys can help you save your home and improve your financial
situation.
File Bankruptcy – In the past, filing bankruptcy was a popular solution to
relieving home owners of their obligations to repay their mortgage. With the changes
in the economy and the banking system, it is important to note that new laws and
restrictions have made this process more difficult and they may not relieve you
of your debt to repay the existing loans on your home. In addition, your lender
may proceed with foreclosure and you’re your credit will be damaged for a great
deal of time. We recommend speaking with one of our experts about loan modification
and avoid filing bankruptcy.
Short Sale - A short sale typically is executed to prevent a home foreclosure.
Often a bank will choose to allow a short sale if they believe that it will result
in a smaller financial loss than foreclosing. The downside to a short sale is that
it takes time to sell a home even at a bargain in such a defunct housing market.
There are foreclosures on every block, housing prices are rock bottom, and selling
a short sale is next to impossible. The entire time the home is on the market you
are still responsible for your mortgage payment, taxes, and insurance. Can you truly
afford this option?
Loan Modification - Loan modification has rapidly become the best option
for you to save your home and lower your monthly mortgage payments when facing home
foreclosure. Loan modification is not the only option for homeowners, however; it
is an option that can save your home while putting you in a mortgage you can afford.
Most homeowners are achieving one or more of the following:
Interest rate reduction
Fixing of adjustable interest rates
Reduction of Principal Balance
Forgiveness of defaulted payments and fees
Avoiding Foreclosure
Call us now (949) 273-1135 to speak with one of our experts.
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