STOP FORECLOSURE AND AVOID BANKRUPTCY

Is it too late to do anything if a foreclosure lawsuit has been filed against me?

A.

No. If you take steps now to protect your interests, many alternatives remain available to you.

Q.

Can I refinance my current mortgage?

A.

Yes. With sufficient equity you can refinance your mortgage with a new lender. Even if you don't have much equity, very often your existing mortgage can be restructured with your current lender.

Q.

Can I sell my property?

A.

Yes. Your property remains yours to sell until the title has actually been transferred out of your name and even if you owe more than your property is worth, we are highly successful in negotiating full satisfaction of your mortgage as the property is sold at market value in a "short sale" transaction.

Q.

Can I avoid bankruptcy?

A.

Yes. In nearly all cases, workout terms can be negotiated that prevent foreclosure and the need to file for bankruptcy.

Q.

Can I continue to live in my home?

A.

Yes. In many cases your mortgage can be restructured according to your household income and should you decide to sell, you can remain in your home during the marketing period.

Q.

Will stopping foreclosure save me money?

A.

Yes. As a resolution to the claim is negotiated, which stops foreclosure, you avoid forfeiting equity you may have in the property and also avoid a deficiency judgment against you. These savings typically total thousands of dollars.