Walking away from a home or other real estate because you owe more than its worth is becoming more and more common in South Florida - and with good reason.
A recent Miami Herald article confirms what Ferrer Shane, PL, has been championing for the past couple of years.
Loan modifications and other attempts at "saving your home" that result in your making payments to the bank without any real benefit to you are proving to be worthless attempts that rarely provide any real value to a borrower while serving only to put more of your hard earned money in the bank's pocket.
A loan modification while serving to lower monthly mortgage payments on your mortgage, rarely lowers your principal balance (the amount owed on your mortgage loan).
Don't join the loan modification bandwagon. Contact an experienced real estate attorney at Ferrer Shane, PL. We offer years of experience, legal skills, and a reputation for results to help you find a solution that can put you in the best position possible moving forward .
One toll-free phone call to 888-609-5947 is all it takes to schedule a consultation with one of our real estate attorneys.
Do not enter into a loan modification without speaking with an attorney at Ferrer Shane, PL, in Miami, Florida first.
If you CHOOSE to stop paying your mortgage, you will still have rights and may have defenses which could lead to reaching an agreement with your mortgage lender that may prohibit them from coming after you in the future to pursue any deficiency amount. We may be able to negotiate a deed in lieu of foreclosure, pursue a short sale, enter into a agreed final judgment of foreclosure with a waiver of the mortgage lender from seeking a deficiency judgment against you in the future - all while allowing you to remain in your home for an extended period of time.
Before you make a move, literally, contact a seasoned professional at Ferrer Shane, PL, for a consultation.
Our number is 888-609-5947 from wherever you are in South Florida. We offer weeknight or weekend appointments and we speak Spanish for your convenience.
