Florida Foreclosure Attorneys

Alternatives to Foreclosure

There are alternatives to foreclosure. By exploring these options and making a decision that is best for your particular financial needs and concerns, you can successfully avoid foreclosure.

A foreclosure defense attorney at Carman Law Firm, PA can help you understand potential alternatives to foreclosure in order to save your home or help you avoid having a foreclosure on your credit. By reviewing your particular situation and discussing your goals and options with you, a lawyer at our firm can help you make a well-informed decision that will have the most positive benefit to your future. In these matters, it is crucial that the route you take is the absolute best option – or else you could find yourself in a similar situation in the near future.

Options to Avoid Foreclosure in Florida

Loan Modification / Mortgage Modification: you may be able to negotiate with your lender and work out changing the terms of your loan, your rate, and your monthly payment amount. An attorney can represent you in these negotiations to help you reach an outcome that’s best for you.

Short Sale: through a short sale, you may be able to sell your house even though you owe more than it is worth. Your lawyer may be able to negotiate with the lender to help reduce your losses.

Deed in Lieu of Foreclosure: a last resort may be a deed in lieu of foreclosure. In this option, you would basically give your property back to the lender and therefore avoid having a foreclosure on your credit report.

Bankruptcy: filing for bankruptcy may be an option if you are overwhelmed with debt and are facing foreclosure. A Chapter 13 bankruptcy will immediately stay all foreclosure proceedings and may still allow you to keep your house while you pay off your outstanding debt over a period of 3 to 5 years.

Florida Foreclosure Defense Lawyer

You need to act quickly to pursue an alternative to foreclosure. By contacting a Florida foreclosure lawyer as soon as possible, you can ensure that you file an answer to foreclosure within the 20 day time window and actually have the opportunity to save your house.

Contact a Florida foreclosure defense attorney at Carman Law Firm, PA today!