Property, Loan and Mortgage Legal Help in Orlando and throughout Central Florida
The foreclosures sweeping America are often presented as sad but unavoidable consequences of individuals' and families' financial challenges.
But the truth is, when you are unable to make mortgage payments, there may be options available to delay or completely avoid the devastating loss of your home.
Based in Altamonte Springs, the attorneys of Kramer Law Firm have helped a number of homeowners face and overcome foreclosure actions. If you are concerned that your lender may foreclose on your home, we can meet with you, discuss your goals, and recommend a course of action. Contact us today by calling 407.834.4847
Alternatives to foreclosure may include:
- Negotiating a new payment plan with your lender. A loan workout may involve lower payments or rates, and may bring your payments current if you are behind.
- Arrange a consent judgment or short sale which will allow the bank to foreclose, but waives the debt deficiency. For instance, with a consent judgment, if you owe $200,000 on your home and it sells for $100,000, you will owe nothing.
- Renegotiate your second mortgage. Since the holder of your primary mortgage has first claim on the value of your home, the holder of your second mortgage has little recourse for payment if your home's value has declined significantly. We have negotiated the payoff of second mortgages for 10 and 20 cents on the dollar or less.
- Examining the terms of your loan for Truth in Lending violations. Federal law is unforgiving regarding violations. If your lender committed even a minor infraction, your whole mortgage may be rescindable or void.
Foreclosure is not necessarily inevitable and rarely represents your best interests when you fall behind on your home payments. For more information regarding how Kramer Law Firm can help you, contact an Orlando Attorney to discuss alternatives to foreclosure.
Contact the Kramer Law Firm to determine if there are alternatives to foreclosure. We provide prompt service and aggressive representation.
We offer payment plans, accept credit cards, available for evening appointments and conveniently located right off of I-4, between 436 and 434. To contact a lawyer, call 407.834.4847.