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407-245-7723

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813-251-2701

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Foreclosures, Loan Modifications, Short Sales and Deeds in Lieu of Foreclosure

Foreclosures, loan modifications, short sales and deeds in lieu of foreclosure are big business today. New laws are constantly being enacted to address the recent downturn in the real estate market. For example, new federal loan programs such has HAMP (enacted pursuant to the Making Homes Affordable Act) are making more loans available to people who reside in their homes and meet certain income and expense requirements. Courts are enacting new procedures to deal with foreclosures because their numbers have increased so significantly. Also, laws have recently been passed to protect homeowners from non-lawyers who promise to...

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What To Do When You Can’t Pay Your Mortgage

FORECLOSURE: WHAT TO DO WHEN YOU CAN’T PAY YOUR MORTGAGE Before Foreclosure It is important to be proactive when faced with financial hardship. A little advanced planning often can avoid a more difficult situation later. The options available for avoiding foreclosure are more likely to be successful the earlier you decide on a course of action and put it into place. Some recommendations include: 1. applying for a loan modification 2. Putting your house on the market. 3. talking to your lender about a deed in lieu of foreclosure 4. requesting pre-suit mediation. A. Loan Modification When you apply for a loan modification can...

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DeWitt Law Firm, P.A.
Business Address:37 North Orange Avenue, #840,Orlando,Florida,32801,US |Tel: 407-245-7723 |Email: dewitt@dewittlaw.com.
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