Advice for Avoiding Foreclosure Proceedings
Serving Clients in the Lynnfield, Massachusetts Area
Owning a home in the current economic climate has become a more frightening prospect than ever before. With high unemployment rates and sub prime loans coming due, an increasing number of homeowners have fallen victim to foreclosure proceedings. Fortunately, there are strategies you can take to avoid foreclosure should you find yourself in a difficult financial situation.
At Prousalis & Papantonakis, P.C., our lawyers leverage more than 25 years of experience to help you find the relief from foreclosure you need. Through proven loan modification techniques or short sale transactions, our attorneys are able to help you refinance or sell your home and avoid the costly and damaging effect a foreclosure has on your credit rating and your pocketbook.
To schedule a free hour long consultation to discuss your individual situation, contact our office online or call 781-246-2000 today.
Knowledgeable Guidance Through a Troubling Financial Period
Using our real estate and bankruptcy backgrounds, our attorneys are able to offer comprehensive and informative advice designed to help you avoid foreclosure proceedings. Our staff will examine every detail of your financial situation to determine the best course of action for your individual needs, including:
Loan modification: After a thorough examination of your monthly bills and expenses, our staff can determine if you qualify for a loan modification from your lender. If so, we negotiate assertively on your behalf with the lender to help you find a loan payment that fits into your budget and is acceptable to all parties.
Short sale: For our clients who wish to move to another residence, our staff provides extensive assistance with the short sale process. After negotiating with your lender to agree on a reduced payoff amount, we can refer a trustworthy real estate agent to assist in the sale of your home. Our representation includes assistance in gathering all necessary information your lender will wish to examine including financial worksheets, pay stubs and bank statements.
Contact Our Office for the Experienced Advice You Need
Because of our experience as real estate and bankruptcy attorneys, we are uniquely able to deal with loan modifications and short sales. Not only do we understand the real estate side of things, we understand the way loans are underwritten and approved, giving us insight into proper modification strategies.
Contact our office to schedule your free consultation today.