Central Florida Loan Modification Lawyer
In a challenging economy, many Americans find themselves struggling against a mountain of debt. Divorce, job loss or medical emergencies can devastate a family's finances. When debt begins to spiral out of control, it is wise to contact a skilled Sanford foreclosure defense lawyer.
At Richard A. Colegrove Jr., Attorney and Counselor at Law, I understand that many people worry about losing their home when facing debt. The possibility of home foreclosure is frightening, but there are strategies that can allow you to ethically and legally get out of your dilemma.
You Can Save Your House
After accepting your case, I can immediately begin to reconstruct the events that have led up to you receiving a foreclosure notice. Often, the mortgage company does not properly record information, they have fraudulently signed paperwork in your absence, or there are nonexistent witnesses listed on the paperwork. All of these situations can lead to foreclosure defense.
The two most common methods, however, are loan modification and short sale.
- Loan modification is, as the title would suggest, a compromise between the homeowner and lender to modify the terms of the loan. Items such as repayment period and annual percentage rate (APR) can be modified. It is wise to have a skilled attorney guide you through these negotiations as they can be complicated and filled with complex paperwork.
- A short sale occurs when the homeowner wants to sell the house rather than keep it. Here, the lender will agree to sell the house for less than it is worth to avoid the process of foreclosure. The lender is under no obligation to agree to a short sale, so it is wise to have an experienced attorney negotiating on your behalf. I can help you present the strongest argument possible with the hope of getting out from under your mortgage so you can start a new financial life.
If you are facing foreclosure, it is wise to contact an attorney as soon as possible. Together, we can examine your finances and determine the best course of action for your unique situation.
Contact the Firm
If you have questions regarding foreclosure defense, contact Richard A. Colegrove Jr., Attorney and Counselor at Law Chartered, at 407-324-2200 or complete the contact form on this website. Consultations are confidential and subject to a nominal consultation fee.