There are Often Alternatives to Foreclosure
We Can Help!
There are times when foreclosure is unavoidable. There are also times the loss of your home may serve your interests. At all times, it pays to investigate options other than involuntary foreclosure, which often puts lenders' interests before your own.
The Kramer Law Firm has helped numerous individuals and families navigate today's tough economic environment by using a range of financial and legal tools. Contact us today at 407.834.4847 to explain your options.
Two common alternatives to foreclosure can often help when foreclosure threatens your home and finances—short sales and deeds in lieu of foreclosure:
A short sale allows a borrower unable to pay their mortgage to sell their home for less than what is owed to their lender, by arrangement. Once the sale is complete, the lender agrees to accept the proceeds of the sale. The borrower will not owe the bank the deficiency between the sale price and the mortgage balance.
A deed in lieu of foreclosure works much like a short sale.
However, in this transaction a borrower voluntarily surrenders the title of their home without being involved with or handling the home's sale. In many cases, a bank will require the home to be on the market for some period of time before accepting a deed in lieu of foreclosure.
Though foreclosures, much more so than alternatives to foreclosure, continue to make the news, there are nonetheless numerous effective alternatives to foreclosure that will likely better serve your interests.
We can negotiate with your lender, and have arranged many short sales and deeds in lieu of foreclosure, as well as consent judgments, mortgage workouts and loan modifications.
Contact an Orlando Lawyer to Discuss
a Short Sale
Contact the Kramer Law Firm to see if a short sale or deed in lieu of foreclosure could work for you. We can make ourselves available for evening appointments.
Our Altamonte Springs office is conveniently located right off of I-4, between 436 and 434.
To contact an attorney, call 407.834.4847.