Short Sales & Foreclosure
If you are facing foreclosure of your home or other property, our office can help. We offer free consultations to help you decide the best way to respond to your particular situation.
Our office can advise and assist you in responding to your foreclosure in several ways, including:
Defending your foreclosure in court. Our office can help you respond to the bank to slow or stop the case against you. Foreclosure defense can force the bank to prove their case against you, and hold them to a rigorous application of proof.
New court rules also require the bank to attempt to mediate to find a way to keep you in your home. If you want to stay in your home, getting to court-ordered mediation is an important first step if the bank has already started their foreclosure.
Call our offices today in Orlando, Florida for a free consultation.
Short sales are a useful foreclosure alternative, which allows you to sell your home for less than the full payoff. Our office closes these transactions routinely, and will work with your real estate agent to ensure a quick and easy closing. We can handle everything, from contract to closing.
The Law Office of L. Bruce Swiren, P.A., in Central Florida, can help draft the contract you sign with the buyer, submit the contract to your bank and negotiate the terms of the short sale with the bank, and close the transaction right in our office.
Negotiating with your lender to modify your loan. Modification can take the form of reduced interest rates, deferred payments, principal reduction, or some combination of those and other options. The goal of modification is to help you keep your home. Call our office today to speak with an attorney about modifying your loan.
Federal Programs – HAMP and HAFA
The Federal Home Affordable Modification Program (HAMP) and Home Affordable Foreclosure Alternatives Program (HAFA) are promising avenues for helping modify a loan or complete a short sale.
HAMP is one of the first homeowner assistance programs, and it helps you modify your loan by setting the guidelines on qualification for a loan modification. The government also provides a stipend to the lender as an incentive to modify the loan.
HAFA is a relatively new program, debuting in April of 2010. HAFA first puts a borrower through the HAMP program to see if modification is an option. If the borrower does not qualify under HAMP, the HAFA program will facilitate a short sale. If the property doesn’t sell, and qualifies based on title concerns, the lender will then take the house back via a deed in lieu of foreclosure, and will provide a stipend to the borrower for moving expenses.
Orlando, Kissimmee, Central Florida Foreclosure Defense Lawyers
Our office can help you determine the best approach for you. Please call today the Law Offices of L. Bruce Swiren, P.A., today for a free consultation.