Foreclosures | Short Sale | Mortgage Modification
Many people are frustrated by the housing market. The economy is forcing people out of their homes, but selling your home proactively can be difficult. If you are facing problems with the financing of your house, a lawyer can help. Whether you are behind on your mortgage payments or are wondering what to if you have already received a notice of home foreclosure, we can help.
At El Kodssi Law Firm, we understand the fear our clients are facing. Our lawyers work closely with clients throughout Dearborn and Southeast Michigan to help clients stay in their home. Contact our firm by email or call 313-406-8935 to schedule your free initial consultation.
What Are My Options?
Many people we talk with are afraid that once they have received a notice of foreclosure that there is nothing they can do. That is not the case. Our attorneys work closely with clients to find solutions, including:
- Avoiding foreclosure: Using bankruptcy or mortgage modification, we are able to stop foreclosure until the point of sale.
- Mortgage modification: We can contact your mortgage company and negotiate with them to make the payments more affordable. This can mean lowering the interest rate, extending the term of the loan or other similar solutions.
- Short sale: A short sale occurs when a buyer purchases your home for less than is owed on the mortgage, and the lender accepts the proceeds in place of the remaining debt. When this happens, the lender is forgiving the portion of the mortgage you have been unable to pay.
Contact a Lawyer Soon
When you are facing foreclosure, it is important to contact a lawyer quickly. In order for us to use every option possible to save your home, it is important to call an attorney as soon as you realize there is a problem. Contact our firm online or call 313-406-8935 to schedule your free initial consultation.