Our Services

NOTE NEGOTIATION
Note Negotiation is a great solution for a borrower who wants to stay in their property, but cannot afford the current payment due to a recent adjustment in the interest rate, or a hardship. In this situation, a Note Negotiation is an ideal solution because it will help lower the monthly payments to an affordable amount. Even if you are currently behind on your mortgage payments a note negotiation may be the right solution.

SHORT SALE
A Short Sale or Short Pay is when the lender agrees to accept a sales price of fair market value for your property despite the mortgage or mortgages totaling more than what the property is worth. Many people find themselves falling behind, or are already behind on their mortgage payments and do not realize that there are options available. Even if you owe more than your home is worth a short sale is an excellent way to avoid foreclosure, as long as it is done properly by a qualified attorney. The lender agrees to take a loss on the property and writes off the difference between what was owed on the property and the final sales price. In most cases, the lender is willing to take less than what is owed on the property.

Why do a short sale?
Short Sales are a benefit to the consumer because they stop foreclosure and prevent the lender from suing for the difference between what is owed on the home and what the home was sold for at auction.

By entering into a voluntary agreement with the lender, you ultimately stop foreclosure and your credit report does not merit a FORECLOSURE entry. This will help when you want to qualify for a new property.

A Short Sale also provides the peace of mind because you will know exactly when the sale will close. This will give you ample time to vacate the property. There is no risk that the sheriff will come to your door to evict you.

DEED IN LIEU OF FORECLOSURE
The deed in lieu of foreclosure offers the borrower and lender several advantages under certain circumstances. The best advantage to the borrower is that it releases them immediately from all debts associated with the delinquent loan. Deed in lieu also prevents the public notoriety of a foreclosure proceeding.

If you have been unable to make your monthly mortgage payments and have not been able to sell your home at fair market value, a deed in lieu of foreclosure may be the best option. Deed in lieu of foreclosure can help avoid foreclosure. The procedure allows you to transfer the title to the property over to the lender voluntarily and your debts are usually forgiven. The process will not save your home, but it will protect your future. A deed in lieu is harmful to your credit, but it is less harmful than an actual foreclosure.

REFINANCE
Even if you have been turned down by other lenders or mortgage companies, refinancing may still be an option. With the new release of government sponsored programs a refinance may be the best option to lower your monthly mortgage payment, consolidate a high interest rate 2nd mortgage or pay of debt.

Contact Feldman Law Center today to see if refinancing is an option for you.