Perhaps you are firmly set against the idea of accepting foreclosure as your best option when you are no longer able to pay your mortgage. You need qualified legal counsel and guidance through a different option such as a short sale. You are advised to talk to an experienced Naples foreclosure alternatives attorney to explore other choices that you have.
Seek Relief From Foreclosure and Gain Peace of Mind
Contact the law offices of Michael L. Kraus in Naples to schedule a consultation regarding alternatives to foreclosure, such as the following:
- Loan modification: Government programs may appear promising at first glance, but many people find it difficult to meet the strict guidelines to qualify for a loan modification that would lower the principal and/or interest rates of homes facing foreclosure. Talk to an attorney to learn how to demonstrate to the government that you cannot afford a conventional, private, modified loan from a bank — if indeed a loan modification is your best option.
- Short sale: You may be able to put your home up for sale for less than the amount owed on the mortgage, with prior approval from the bank that holds your mortgage and a pledge to accept the sale price as payment in full for your mortgage obligation. Work with an experienced Naples foreclosure alternatives lawyer before attempting to negotiate with the bank on your own — and for guidance through all the steps involved in a short sale.
- Deed in lieu of foreclosure: You may have the option of simply turning the house back over to the bank, giving them the responsibility of marketing it for sale. You will re-assign the deed to your house to the bank that holds your mortgage, and be free to walk away free and clear of further obligations. If this is a viable option for you, you will save yourself the hassles involved in selling a home — and damage to your credit may be less than would be the case with a short sale or continuing to hold the loan that you have fallen behind with.
Florida Short Sale and Loan Modification Lawyer
Attorney Michael L. Kraus is not only well versed in alternatives to foreclosure and prepared to explain each one to you, assisting you in devising a workable plan suitable to your particular circumstances. Mr. Kraus is also skilled at negotiating with banks in order to secure agreements that are most advantageous to you.
Take back control from the bank promptly and confidently if your mortgage lender is threatening you with foreclosure. Consult with a knowledgeable Naples foreclosure alternatives lawyer. Contact us by phone or e-mail to schedule a consultation, with no further obligation implied. We welcome the opportunity to explain how we can help you navigate, select and execute the most reasonable alternative to foreclosure.
The information contained on this page and within this website is not to be construed as legal advice and any persons interested in obtaining information for a particular situation should contact an attorney to discuss the same. A legal opinion will be provided if and when a consultation with our office occurs. Please contact our office today.
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