Besides mortgage modification, there are many other possible methods to prevent foreclosure, otherwise called “Foreclosure Solutions”. Foreclosure Solutions are varied and depend on many factors; they include litigation (answering the Complaint, defending the foreclosure action, and Emergency Orders to Show Cause), negotiations other than modifications (forbearance agreements, short sales, and deeds-in-lieu), and bankruptcy (chapters 13, 7 or 11). We can advise and represent our clients in all of the possible solutions to the foreclosure process; these potential solutions are reviewed based on the client’s goals and the stage of the foreclosure proceeding. In order to decide which Foreclosure Solution to pursue, we ask our clients several important questions as follows: i) At what stage is the foreclosure?; ii) What is your main goal as to the house?; and iii) What is your main financial difficulty in terms of the mortgage? We explore and offer to our clients the possibility of all Foreclosure Solutions as follows:
The Law Firm of Ronald D. Weiss, P.C. has negotiated hundreds of agreements giving its clients the opportunity to catch up with their mortgage arrears. Besides negotiating many mortgage modification agreements, we have negotiated forbearance agreements, payment plans, short sales, deed in lieu agreements and other settlements, which have resolved the foreclosure process. Allowing us to represent and negotiate terms for you ensures a prompt resolution of the foreclosure process. Also, it is critical to have the settlement terms agreed to in a legally binding written stipulation of settlement while making sure that your rights are protected at all times.
Please call us at (631) 271-3737, or e-mail us at email@example.com for a free consultation to discuss such legal options in greater detail.