Naples Attorneys Forging Foreclosure Solutions And Defense
Foreclosure is not your only option when you are having difficulty managing your mortgage. We understand how frustrating it can be when you are unable to manage your financial commitments. This is often due to significant changes to your circumstances, and we can help you achieve a solution that fits your needs and goals.
At the Law Office of Sam J. Saad III, our attorneys are your advocates. Florida foreclosure laws are complex, but they also offer opportunities. Some of your options include loan modifications and short sale negotiations, deed in lieu of foreclosure and foreclosure defense. We will work with you to make a personalized plan for your best possible path forward, incorporating significant legal and financial protections.
Representation In Loan Modifications And Short Sale Negotiations
A loan modification and a short sale are the two most common solutions in handling a potential foreclosure of your home or residential real estate investment.
Loan modification (somewhat similar to mortgage refinancing) is a program that allows you to stay in your home while the bank works with you to make changes to your loan agreement.
- When approved, a loan modification provides you with lower, more affordable payments to keep you from defaulting on your loan. This will also allow you to continue to meet other financial responsibilities.
Short sale of your home is an option if you just want to move or the loan modification isn’t granted. Short sales require your lender to agree to accept a payoff of the mortgage for less than the amount owed on the property.
- This can be a win-win option. The bank saves the substantial fees related to foreclosure, and you do not have a foreclosure harming your credit.
Deed In Lieu Of Foreclosure
When the bank will not accept a short sale or modify your mortgage, we may be able to help you negotiate favorable terms for a deed in lieu of foreclosure with your lender. With this option, you avoid foreclosure by deeding your property back to the mortgage holder. In exchange, the mortgage holder discharges the financial commitment and may pay you to move out or allow you to lease back the property.
Naples Foreclosure Defense Attorneys
When all alternatives to foreclosure have been eliminated, our attorneys will be there to guide you through the difficult process of foreclosure. As your advocate, our goal is to protect your interests and minimize the negative impact on your financial resources. You still have options, and there is significant work ahead to ensure your legal rights and financial future are protected.
Please call us at or email us as soon as possible to discuss your specific situation. Our team is solutions-oriented and serves clients throughout Southwest Florida from office location in Naples and the Ft. Myers area.