With our short sale program we are able to market and sell your property for at or below market value even though you may owe substantially more than that on the mortgage loans. A short sale will not only stop the foreclosure but in most cases it will minimize the adverse credit implications associated with a foreclosure. If the short sale is done in conjunction with a bankruptcy filing the results are even more beneficial to the homeowner.
Not only will the tax consequences be completely eliminated, but any shortage or “deficiency” will be discharged in the bankruptcy. The short sale is generally easier to do since the mortgage lender knows there is no longer any personal recourse against the borrower. Finally, with the filing of the bankruptcy, you are generally able to extend the length of time remaining in your residence. It's not unusual to remain in the home for an additional 6 to 12 months longer without paying if your attorney combines a short sale with a bankruptcy solution.
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Our team of dedicated legal professionals is well-versed in many specialized areas. We will not advocate for you in an area we are not experienced in. Our team brings a diverse background to the table, allowing us to advocate for you in many areas of law. This gives us an edge when dealing with complex legal matters. Often, more than one area of expertise is required. No need to hire a multitude of attorneys. We can provide you with comprehensive legal support in many areas.
If you are faced with losing your home due to foreclosure by the bank or mortgage company, contact Foreclosure Lawyers of America immediately for a free no hassle consultation. You need to know your legal rights.
Mortgage Refinancing Versus Loan Modification The foreclosure crisis continues to ravage our economy with more lost jobs, reduced home equity from plummeting home sales and delinquent mortgage payments.
Foreclosure Lawyers of America created a system that helps homeowners to continue the stay in their home for 6-12 months without making any loan payments! This program was derived directly from the Federal consumer protection statutes and the civil code.
Foreclosure Lawyers of America is a nationwide network of attorneys and legal professionals who will fight on your behalf.